Labor costs. Outside of the GPM produced by most tankless heaters, there are a few heaters that go beyond the average, heating 7.5–11 GPM. While your choice of water heater will cause a greater or lesser upfront cost, over time this will all average out to where you end up paying about the same over five years. To know what size water heater you need for your home, you have to figure out the first hour rating (FHR). On average, a new hot water heater costs between $260 and $610 for a tank, and between $215 and $1,615 for a tankless not including installation. Most water heaters come with a 6-year tank and parts warranty and a 1–year labor warranty. Compare quotes, message or call pros, and hire only when ready. The size and type of the tank affects the price. With the average tank water heater costing around $400, the labor cost to install would be approximately $250 to $500. Electric systems are easier to install than water ones, but are less energy efficient than traditional radiators, and more expensive to run. In 2015 from the American Council for an Energy-Efficient Economy published findings on the total cost over 13 years for many different water heaters. Getting a system with higher capacity now will typically be cheaper than paying to replace it with more capacity later. Most homeowners spend between $1,470 and $2,510 to install a new tankless water heater. This add-on is a small heat exchanger that uses extra heat from the compressor to heat the water. Although proper insulation mitigates standby losses, they are impossible to elimin… There are a few different kinds of electric water heaters to consider when choosing one for your home. Water heaters come in a variety of storage tank sizes, and there are even tankless versions. When You Should Call a Plumbing Professional If your water heater is experiencing any signs of decline, or unexpectedly breaks down, it’s recommended to call a professional. They are also able to apply for permits if necessary and hire an electrician to handle any required electrical components during installation. Therefore, if your repair bid comes in above $425 and your hot water heater is more than seven years old, you may want to consider replacement versus repair. £776. According to the website, tankless heaters can provide between 2–5 gallons per minute, with gas-powered units producing the higher GPM. Never runs out of hot water, but may decrease the flow, More energy efficient than the storage water heater, Comes in different tank sizes, between 20 and 80 gallons, Uses the First Hour rating to determine heating, Three or four operating modes for different efficiencies and needs, Higher end of the price range than standard electric heaters, Storage tank water heaters typically hold between 20 and 55 gallons of hot water at one time. Some cities require expansion tanks for home owners if they have a closed system. This type of water heater provides heated water on demand as needed, and often do not run out of hot water the way a storage tank does. Efficiency/economy mode maximizes efficiency and energy savings and is best for occasional use. Maintaining a tankless water heater is a little more difficult and requires more effort. If the backflow which runs between the main water supply and the house is blocked, you have a closed plumbing system, and closed systems require an expansion to handle the pressure created when the water expands once it is heated. An electric storage water heater is the cheapest to install because there are no gas lines to run to the location, and electricity is usually pretty close to an area where you would want a heater installed, plus there are no ventilation requirements, which will also save you money. When installing water heaters there are many different costs to consider, from the price of the tank, to the updating electrical. Each type of water heater comes with its own energy efficiency information. The cost to install a water heater expansion tank ranges from $55 and up for the rare DIY project, to about $350 when a pro adds an expansion tank to a large residential water heater. Tankless heaters cost about $1,000 to $3,000. A basic solar water heater system can cost $1,000–$4,000 to install, minus possible tax credits of up to 30% off the cost. An electric hot water heater ranges in costs from about $300 to $700 while a gas heater ranges from $400 to $800. Also, most plumbers will charge between $250 and $500 to take the old water heater out and properly dispose of it. Replacing your older model with a new one will save you money on your utility bill. Fill out the online form. Installation takes between 6 and 8 hours, resulting in $270-$520 in labor costs. The average price to install a new electric hot water heater is between $620 and $1,035. In addition to the upfront cost, which carries significant weight in the decision for many, other factors also include the number of people in the house, any remodeling in the home, as well as the expense to operate the heater. If a professional plumber installed a closed system, it is unlikely that an expansion chamber or tank was not installed at the same time. The better you maintain it, the longer it will last. If an electrician is needed, they may charge a flat rate for the job, or per hour. Installation costs for an electric heater are $700 to $1,000 while the cost to install a gas heater ranges from $1,000 to $2,000 depending on … While changing a water heater yourself is an option, most people don’t understand the code and needs involved in changing a water heater. Inspection fee – Aside from the basic install costs mentioned prior, you will also have to pay an inspection fee before the install, usually around $40; however, this fee is waived if you do decide to hire Lowe’s to install your water heater. It considers how effectively the heater converts its energy input into an increase in water temperature, but also accounts for other aspects of heater operation: 1. Cost to install an electric water heater varies greatly by region (and even by zip code). Actual costs will depend on job size, conditions, and options. Single-point electric tankless units start at around $115, or gas-powered, single-point tankless can be used to supplement for about $130. It takes 60–70 minutes to heat a 100–gallon tank (recovery rate) with gas. The two main cost factors for installation is the plumber's la… The energy factor (EF) reflects a water heater's energy efficiency which is measured by factoring in the amount of hot water the heater creates per unit of fuel used per day. The cost to install a new water heater ranges from $400 to $900 for a 40 to 50-gallon tank, and between $1,470 and $2,510 for a tankless. Deciding between gas and electric water heaters might be a hard task. Be sure to choose the right number of BTUs for your unit. Tank water heaters store water and heat it on demand, while tankless water heaters heat the water using coils, without storing it. For the most efficient installation, measure the old water heater and location and find a heater that fits the old space. Get free estimates on HomeGuide from trusted plumbers: [1] According to Plumbing Today and Home Depot. A solar water heaters costs $2,000 to $5,500 on average to install. Electric/heater mode uses the electric element only to heat water, is really just for high-demand periods (such as when everyone is home taking a shower), and is the least efficient. They tend to be more energy efficient than traditional storage, gas-fired heaters. The average cost to extend a warranty for 2 years is $150. You can use a solar water heater instead of just electrical to help save costs. Generally, electric heaters have a lower recovery rate than gas-powered heaters, and the smaller the tank is in a water heater, the quicker the heater will heat the water. Create your own price list in Homewyse Lists. Then allow cold water to flow into the bottom of the tank to rinse the sediment out. For a tankless water heater, at an average of $1,000 for the new unit, you can expect labor costs to be between $450 to $1,200. How much does a water heater permit cost? Brand new wiring and circuitry can take two to three hours, making the total cost for wiring between $130 and $255. Water heater installation and removal requires permits in most states. If it isn’t, you’ll have to pay to have it professionally installed all over again before you can sell your house. The most common types of traditional and tankless water heaters seen in residential settings are either electric or gas-powered products. Replace water heater and reconnect existing gas, electric and water lines. It should take between 6 and 8 hours to install. For more information, read our, Get free estimates on FIXR from trusted water heating professionals in your area. Warranties are usually covered in the regular cost of the water heater, however you can also choose to extend the warranty. Propane costs an average of $350 per year to run a heater. In third place is the gas-powered tankless water heater. It should be cleaned every 6 months to 2 years. Professional installation avoids the risks of carbon monoxide poisoning, explosions, or fire with proper venting, gas lines, and wiring. Benefits. If you are looking for an electric heater that is virtually maintenance-free, this electric water heater is an excellent option. The average family of four might use 100 gallons of hot water in a day, between showers, dishwasher, and washing laundry. Solar water heaters cost $600 - $2,500. stay warm while saving money; make your heating system more efficient; lower your carbon emissions; In a typical UK household, more than half the money spent on energy bills goes towards providing heating and hot water. If your current system is outdated, there will be other costs such as replacing the ductwork or plumbing. Plumbers will include this in their quoted price. The EcoSmart ECO 11 Electric Tankless Water Heater promises to be almost effortless to install and is supplied with clear instructions. Get free estimates from water heater installers near you. Conventional-storage (tank style) electric water heaters typically sell for $250-$2,000 or more from home improvement stores, plumbing supply houses or online retailers. Delivery fee – A delivery fee, which is not waived, will cost about $75 and should be added to the estimates above. The average service life of a water heater is between 8 to 12 years. The cost of installing a water heater varies by the type of heater as well as the size of your home and usage needs. Replace the water in the tank. They are more expensive to install, but save money in the long run. One tank is usually more efficient. Warranty extensions may be provided by the installation company or by the manufacturer. New water heaters are often bigger than older, out-of-date models and require changes to the space in order for the water heater to fit. Also, plumbers charge for removal and permits. The difference between the temperature of the water from the local supply coming into the home and the temperature of the water that the water heater produces is called rise. In the one tank system, the solar storage and the backup heater are all part of the same unit, and in the two-tank system, the solar component in the system heats the water before it is fed through to the water heater. With electric water heaters, you won’t use heating oil, propane 1, or gas to create your hot water. Water heaters cost $300 to $2,000+ for the unit alone while plumber labor runs $45 to $150 per hour. For an average plumber to install a traditional tank or boiler water heater, you can expect to pay between $350 and $450, or over $500 if there are structural complexities which must be navigated by the installer. A tank style water heater stores 40 to 50 gallons of water which stays heated to the temperature you set. No changing of power sources (i.e., electric to gas) or structural modifications. Homeowners should consult a professional to install a water heater. Remember, the FHR is how many gallons of hot water is produced in one hour. Propane is a more efficient and cleaner fuel but comes with a higher BTU than natural gas. BTUs are the amount of heat required to raise the temperature of one pound of water by one degree Fahrenheit. 2. 3. When long-term costs matter, the electric tankless water heater is the most cost-effective option, but is not the most efficient fuel source. Create your own price list in Homewyse Lists For a basic project in zip code 47474 with 1 heater, the cost to Replace a Hot Water Heater starts at $1,174 - $1,362 per heater. Our water heater installation pricing consists of four components: 1) Cost of Product Unless you buy a new water heater in advance and ask us to install it separately, any in-home consultation that includes a replacement water heater install will have the product’s cost included. Regardless of type, they all run off of electricity rather than gas, propane, or oil, and require electrical components, wiring, and attachment to the electrical panel. Solar-powered water heaters have no monthly operational cost because they convert the energy from the sun to power the system. Removal and disposal of the old unit are typically included in a quote. However, a 100-gallon tank is not necessary since you wouldn’t use all 100 gallons within one hour. Energy-efficient electric water heaters can save money on your utility bills. Basic installation without electrical changes, Installing a 40-gallon water heater adding electrical, Smart capabilities and reconfiguring the spot, The information provided by our cost guides comes from a great variety of sources, including specialized publications and websites, cost studies, U.S. associations, reports from the U.S. government, contractors and subcontractors, material suppliers, material price services, and other vendor websites. Test the temperature pressure release valve by opening it to check for water flow. Specialty tanks that include mobile alerts and smart capabilities have a higher cost, between $600 and $1,900. These units need a condensate drain or pump and doesn’t operates best in 40° to 90°F temperatures. The average cost of installing or replacing a water heater ranges from approximately $650 to $900, but some people may pay as much as $1,500. It may require a permit, new piping and ductwork, space redesign, and electrical wiring. To calculate your needs, first determine your peak hour demand or what time of day you use the hottest water at home. If you are only concerned about costs over the next five years, all but the electric tank heaters are similar in price. For storage water heaters, a quarter of the tank’s water should be flushed every three months. In earthquake-prone regions, water heaters can topple over. Future electricity price trends and a discount rate of 3.2% are based on Federal guidelines. Standby losses – These losses are found in storage heaters, and they represent the heat loss associated with keeping the water in the tank at the desired temperature. If it’s an emergency or you need immediate assistance, call 1-877-GO-LOWES. Heat pump water heaters work up to three times more efficienty than electric units, and can be retrofited to work with an existing water heater. $297: each: 1: $297: 2. However, they're noisy and require 12’ x 12’ of air space to operate efficiently. A desuperheater geothermal heat pump add-on costs $250 to $800, and saves up to 55% on water heating bills. Get Water Heater Expansion Tank Installation or Repair Quotes Get Water Heater Expansion Tank Installation or Repair Quotes. In order of total energy costs over 13 years: Some electric tankless water heaters, like products from EcoSmart, are self-regulating, and instead of always applying the most power to heat the water, they only apply the amount of power needed for the actual demand at that time, and that makes them a lot more efficient. $418: each: 1: $418: 3. Most manufacturers will let you purchase an extended warranty to cover most of their products, except in the case of some of the cheapest products. If your home needs to be rewired, it can easily add $3,000 or more to the cost of installing a tankless water heater. Keep a buffer between them and any storage items you have nearby and watch out for damage to your floors. You’re only looking at $20 to $100 out of pocket, as opposed to several hundred dollars to call in a plumber. Item Unit Cost Quantity Line Cost; 1. The average per hour rate is $65 to $85. The FHR is how many gallons of hot water a storage tank can supply in one hour. Tankless water heaters are not measured on the capacity of water they hold but on how many gallons of hot water they can produce per minute. A tankless system heats the water on-demand when you need it through a series of super-heated coils. A 50-gallon water heater costs around $1,000 for an electric heater and $1,200 for a natural gas heater of the same capacity. The contractors will offer competitive free quotes for your job. Cost to install an electric water heater varies greatly by region (and even by zip code). Untrained homeowners should also not play around with their electrical panels or wiring. Get free estimates from water heating professionals in your city. Installing a tankless water heater is more expensive; you can end up spending up to $3,500. A safer option, a professional plumber will have the know-how and equipment to handle this. Many manufacturers make gas water heaters that can accept either propane or natural gas. Tankless water heaters cost around 2-3 times more than traditional storage tanks. Here's how to install an electric water heater. According to the US Department Of Energy, this includes the following: To calculate the cost to operate the heater over a year, you will need to know the heater’s EF and what your energy cost will be to operate the heater. Get free estimates from water heating professionals in your city. No matter the type of water heater purchased, regular maintenance extends the life cycle of the heater. According to Bob Vila, the price for a plumber to replace a gas water heater is between $400 and $550, but if this is the first installation of a gas water heater in the home, the total for an installation could go as high as $1,500–$2,300. Solar water heaters use the sun’s energy to provide hot water. The cost averages between $180 and $550 a year in energy, depending on the type and size of the unit, but also depending on usage (such as the number of showers and people using the hot water). A professionally licensed plumber knows how to properly install water heaters. A water heater permit is actually an inspection request. Get free custom quotes from qualified pros in your area. The permit often comes with information to help you install the heater safely and according to … Tankless water heaters provide a gallons-per-minute rating (GPM) because they do not hold water. Auto/hybrid mode is best for daily use and utilizes sustained heat to heat water efficiently. Savings can total anywhere between $50 and $350 a year, depending on the type of tank purchased. Homeowners will need to allow for future additions to the family, so the system isn’t found lacking some years down the road. Smart water water heaters allow you to set controls and change the water temperature and operating modes. Here are the average prices and pros and cons for each type of water heater: With a range between $400 and $900, the average homeowner can expect to pay $650 to have a new water heater installed professionally. Avoid scalding by setting the correct water temperature (120 degrees Fahrenheit). If you have electric central heating and water heating, you're likely to be on a time-of-use tariff (Economy 7 or Economy 10); making use of cheaper off-peak rates will mean your bills are much lower. An expansion tank is a small tank that sits with the water heater and protects an enclosed water heater system. A heat pump water heater costs $1,800 to $5,000 for the materials and installation or $1,300 to $3,600 for only the unit. The cost of replacing a water heater in Canada can range from $105 to $8,300, with the average cost being $1,466. LOWE’S CAN HELP WITH YOUR WATER HEATER PROJECT. If not, it costs about, If the space needs any changes, enhancements, or enlargements it will require supplies such as wood and. Cost to install an electric water heater varies greatly by region (and even by zip code). This technology has proven reliable, and typically lasts 10-15 years. These are the pros and cons of each one: Runs off of natural gas, regular gas, heating oil, or propane. 1. Heat pumps are the most energy-efficient water heater, saving $250 to $1,000 per year. Water heaters are known to leak, especially if they are old. Water heater installation and removal requires permits in most states. There are two types of backup system – the one-tank system and the two-tank system. A water heater expansion tank usually costs under $100 to add. Over 15 years, it is not unusual for a homeowner to install 1 or even 2 boilers, adding even further running cost. For those who don’t live somewhere with a lot of sunlight, the electric heat pump water heater is the second cheapest to use, but the upfront cost is twice that of a traditional gas storage heater. There are many different brands of electric water heaters. The average lifespan of an electric water heater is anywhere from 10-20 years. The average hot water heater replacement cost is $650 for a traditional whole-house water heater to be installed and around $1,950 for a tankless whole-home water heater. Propane is available as both traditional tank water heaters starting at $560, and tankless products beginning around $600, other options include a single, wall-mounted, tankless, 1.5 GPM shower unit with a battery powered igniter and a showerhead for approximately $110. Water heater replacement is one of the most common home improvements, and costs an average $850-1,100. If water continues to pour out when released, replace the valve. Gas water heaters cost more to install than an electric water heater because of the need to either tap into an existing gas line or bring a gas line to that location ($500), and ventilation must be provided to remove the combustion fumes from the property into the outside air. Generally, they are better suited to small rooms where space is at a premium - they are especially popular in bathrooms. The average cost of a tankless water heater ranges between $1,470 and $2,510 installed, with most homeowners spending around $1,950. Generally speaking, you will need to close all water valves and use a hosing line with vinegar to flush it multiple times. The average cost for a tankless water heater installation is $1,985, or between $1,470$2,510. The average price to install a new, standard 40-gallon water heater, adding electrical without needing to reconfigure the location of the equipment is $1,035. An average water heater runs three hours daily. Removal and disposal of the old unit are typically included in a quote. Some models can hold up to 80 gallons of water. A desuperheater provides 50% to 60% of a home’s hot water needs. © 2021 Fixr, all rights reserved. Submit Your Information. An expansion tank average price is $45. Both storage tanks and tankless water heaters might be a good option depending on your home and your family’s needs. If you're not afraid of doing some basic electrical work and plumbing, you can save yourself some money. Water heater installation and replacement costs: Installing or replacing your water heater is a project that's best left to the pros. Traditional storage water tank heaters, also known as "boilers," are the most common water heaters installed and are used for central heating and can even heat the water for your home using steam. Labor costs $45-$65 and dump fees are around $50. Additional costs to think about. Compare the estimates and hire the contractor who best fits your needs. Provide 8-10 gallons of hot water a minute, Uses heating fuel and you may run out of heating fuel, Emits carbon dioxide into the environment, Uses electricity so it never runs out of fuel except in a power outage, Installation requires electrical wires and circuits, increasing price, Provides less hot water per minute than gas. "Base model" has an efficiency that just meets the national minimum standard for gas and electric water heaters. If anything goes wrong with the tank after 1 year, you will have to cover labor between. A 40-gallon tank produces 40 gallons every hour. The rise in pressure needs to be released to prevent causing damage to your tank and your home. An extended warranty can start as low as $60 for up to 5 years. The cost difference between a traditional water heater and a tankless water heater usually shows the tankless option for a whole house water heater being 2 to 3 times more expensive. Electric water heaters can be storage tanks, tankless, or hybrid. Storage tank water heaters keep hot water ready to go, and tankless water heaters heat water on demand when you need it, without storing the water in advance. On average, propane water heater installation costs around $1,000–$1,500. On average, a professional plumber charges between $45 and $65 an hour for labor. Pressure valves and temperatures should be checked every six months, and anode rods may need to be replaced periodically. A house in a warmer climate will require a tankless system with a lower gallons-per-minute rating than a home in a more northern state because it doesn’t take as much energy or BTUs to heat the water in a southern climate. is the annual cost of heating using electricity. If you have an electric tank you are replacing, the cost would be lower than if you are replacing a standard gas-fired water heater.