Having hot water is an essential part of keeping your home comfortable. Planning for hot water heater replacement costs is essential. Being prepared for the price of a new hot water heater allows you to set aside money monthly so that you’re not in a challenging financial situation if the need arises. Knowing how much to install a hot water heater is the first step to being prepared.
Even high-end hot water heaters only last a certain amount of time, and an idea of the different models and types will help you make a quick decision when the time comes. There are several styles and price points, meaning that your hot water heater replacement cost will vary based on your preferences. In this article, we’ll walk through the options, what you can expect for costs and the benefits of each type.
|What you can expect
|Range per heater:
|Range for this type of project:
Water Heater Cost
Cost of 11,000-watt electric heater with 50-gallon capacity and 0.95 energy factor. Replenishes 70 gallons per hour with 90F temperature rise. 12-year limited warranty guarantees excellence.
Water Heater Labor, Basic
Labor cost, under typical conditions, for complete installation. Existing heater will be disconnected and removed. Heater will be mounted, secured, and connected to existing electrical supply. Unit will be connected to water supply lines, checked for leaks, and cycle-tested to ensure optimal operation. Wall surface demolition and restoration (if needed) will incur additional fee. Rate is inclusive of all aspects of the project, such as thorough planning, acquisition of equipment and material, preparation and protection of project site, and meticulous cleanup.
Water Heater Job Supplies
Requisite supplies for the job, including connectors, fittings, and mounting hardware.
Water Heater Debris Disposal
Responsible disposal of all project debris, including the cost to load and haul old materials, installation waste, and any other refuse.
|cost to replace a hot water heater
|National Avg. Materials Cost per heater
|National Avg. Cost (labor and materials) for 1 heater
|National Cost Range (labor and materials) for 1 heater
|$1,164.30 - $1,356.55
There are several options for hot water heaters on the market these days, but the standard tank water heaters are pretty efficient. They’re also the most cost-conscious choice, and many homeowners will opt to replace an older model with this standard option.
Unless you're a licensed plumber, installing a hot water heater is a task best left to the pros. To pass a home inspection, you must meet specific requirements – and mistakes can be costly. The average cost of installing a hot water heater, including materials and labor, is anywhere from $400 to $1,000.
As with many home appliances, there is a wide price range. Some of this comes down to longevity and durability, but there are also considerations tied to brand names. Below, we’ll go through the three most popular brands for both tank and tankless water heaters so that you can compare costs.
Tank water heaters:
Tankless water heaters:
Remember that the costs above are for materials only; the labor cost to install a water heater is additional.
When it comes to hot water heaters, bigger isn’t always better. The size of your water heater must be proportional to the number of people in your home and the amount of water you use. A large water heater will cost you more money – both in the upfront cost and long-term operation.
Going by the number of people in your home is an excellent way to get an idea of the size of the hot water heater you’ll need. Here’s a quick list for reference:
On average, it costs between $300 and $800 for materials and labor to replace a hot water heater. If you want to cut back on the labor cost to install a water heater, there are a few things you can do on your own.
Removing and disposing of your old water heater will save you labor and fees. Most homeowners with some DIY skills and essential tools can do this relatively easily. Once you install your new hot water heater, you can also save on your utility bill by insulating it.
If you’re comfortable with home repairs, you can replace a tank hot water heater on your own. This could save you a few hundred dollars in labor, but it’s important to ensure that you can confidently install your new appliance. Otherwise, you might risk your heater leaking if not installed correctly.
If you do choose to hire a professional, there may be costs associated with removing your water heater so a new one can be put in place as well. You can reduce these costs by doing this job on your own if you are capable.
You can expect to pay anywhere from $45 to $150 per hour in terms of labor costs. The difference in price comes down to the type of hot water heater you have. The labor cost to install a gas water heater, or a solar system, is more than a standard electric hot water heater.
Tankless hot water heaters, also referred to as on-demand hot water systems, offer a few notable benefits over standard tank hot water heaters. You can expect the upfront cost for a tankless hot water heater to be more than standard models, averaging between $1,400 and $2,800 for parts and labor.
In addition to having more hot water available, meaning no cold showers, you’ll also enjoy other benefits of a tankless hot water heater. Many of the main panels are mounted on exterior walls, meaning that there’s no bulky tank taking up storage space. Additionally, tankless systems use less energy, so you’ll see a reduction on your utility bills.
Tankless hot water heaters are measured by how many gallons per minute they can heat. While you might be able to get by with a model that heats two to five gallons per minute, it’s worth considering an upgrade to a model that can heat 7.5 to 11 gallons per minute. That means you don’t have to worry about running out of hot water if more than one person is showering simultaneously or you’re running multiple appliances that use hot water.
Once you’ve decided on a tank versus tankless hot water heater, there’s another critical decision to make – what type of energy source will work best for you. This is where you’ll want to weigh the gas water heater replacement cost compared to your other options. Overall, tank hot water heaters are the least expensive. That’s why electric tank water heaters are the most const-conscious choice.
You might think tankless gas heaters are costly, but tankless electric models are the high-end option. While tankless electric models are more expensive up front, they’ll cost you less to run long-term. Below is a breakdown of the cost categories:
The labor cost to install a gas water heater is also likely to be higher than an electric tank water heater since a gasfitter will need to certify the safety of the installation.
If you’re trying to stay off-grid, there are a couple of options for ensuring that your water is toasty warm. Propane and solar water heaters are less common but quite energy efficient. Certain gas water heaters can also be converted to run on propane.
You can expect a propane water heater to come in anywhere from $1,800 to $2,700 for a complete installation, and a solar water heater costs between $4,500 to $7,500.
For the most part, replacing a hot water heater is a relatively simple home maintenance project. A few factors to keep in mind could increase your costs, so beware of these below variables: