It may help to understand the difference between tankless and traditional water heaters. Tankless Water Heater. Contact your local Home Depot for more information as the results can vary. These are the average in-store prices for a 50-gallon tank, before tax, installation parts, and labor. The cost to Replace a Hot Water Heater starts at $1,174 - $1,362 per heater, but can vary significantly with site conditions and options. Learn about the cost to install different types of sinks in a kitchen or bathroom and calculate how much it could cost to install a sink in your area. According to 'Angie's List' the average price of a premium Tankless Water Heater is about $1063 with … Check to make sure the gas is turned on, and the pilot is lit. The symptoms to look at depend on whether it is electric or gas. A permit is usually required to replace a water heater, and they usually run $20 to $100 for this kind of work. A gas tankless water heater typically costs at least $500 more than an electric water heater. … Electric water heaters typically cost less than gas units but are more expensive to operate. This labor cost is affected by your location, local supply and demand, and any discounts or specials a contractor or plumber may offer. A.O. For the unit alone, an electric tankless water heater costs from $550 to $1,600 and a gas tankless water heater costs $1,000 to $1,800. The average gas tankless water heater price is £937. Model #G9-S4040NVR. A 50-gallon, 5,500-watt water heater with a .90 EF and an electricity rate of $.16 per kilowatt hour will cost $781 to operate each year. Here are just a few aspects to think about. The average electric tankless water heater cost is £555. (adsbygoogle=window.adsbygoogle||[]).push({}); Advertising Disclosure: This content may include referral links. If the unit has power, take these steps: Call a plumber if none of these avenues work. Continue reading to learn the factors that impact the price. The main member, who created the thread, stated he paid $40 for a quote, $325 for the basic install and another $75 for the delivery fee. The plumber might suggest replacing the thermocouple, which is a device that detects if the pilot is lit. That’s how much hot water you get from your water heater in its first hour of operation. The average cost for a tankless water heater installation is $1,985, or between $1,470$2,510. A tankless water heater uses either electricity or gas to warm up water on-demand. Plumbers charge between $50 – $150 per hour for labor. 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. If it is not, this device will shut off the gas. The heated water sits in the tank until you need it, and when it is used up, the tank refills and goes through the preheating process again. Use our cost calculators and price guides to plan and estimate your next plumbing project. The cost of water heated by electric is $100 per year more than gas. Learn how much it costs to install a faucet for a kitchen or bathroom sink, pot filler, or bathtub, plus use our calculator to estimate the price. Turn the thermostat up. Learn more about the costs of a plumbing service call. See professionally prepared estimates for hot water heater replacement work. Read below for detailed pricing information so you can feel confident when selecting the water heater that is the best fit for your home and budget. According to our research online via the many quotes we did find, the initial inspection quote tended to be in the $40 range and can often be deducted from the total costs if you committed to the price. Aside from purchasing the water heater, the company, through its network of licensed and respected contractors, will install the water heater as well, but at what cost? Granted, this was a deal at the time and may not be available right now, but it doesn’t mean you cannot find a deal or if you’re patient enough, wait for one in the future. Future electricity price trends and a discount rate of 3.2% are based on Federal guidelines. This technology has proven reliable, and typically lasts 10-15 years. We're proud to offer A. O. Smith Signature Series water heaters , available exclusively through Lowe's. The cost of water heated by electric is $100 per year more than gas. Calculate how much it could cost to install a tub in your area. Check with a plumber or the building inspector at City Hall before you begin. One of the big factors is cost of labor. Item #962547. They go on to caution lifespans depend on several factors: “These factors include correct installation, usage volume, construction quality, and maintenance.”. You can check the availability at some stores via the company’s official website. for pricing and availability. Tankless water heaters cost up to three times more than storage heaters — from less than $1,000 for an electric, whole-house model to $3,000 for a gas-powered one, including installation by a qualified plumber. There is a myth that the upfront cost of Tankless Water Heater is almost double than traditional water heater due using luxury high-end technology. A typical repair costs $500, but if the water heater is beyond repair and you need a new one, then expect to pay around $1,100 for the installation. International Association of Certified Home Inspectors. Installation costs vary significantly based on … In conclusion, when all of the install fees were added, the costs could range anywhere from $425 to $575+ for just the install and again, this would not include the hot water heater you purchased at the store. Many ENERGY STAR® water heaters, such as the A. O. Smith heat pump water heater may be eligible for a rebate in your local area. Gas heaters use gas to warm up the water while electric water heaters use electricity. Another member via this same forum thread stated he paid close to $400 for the install work at his local Home Depot, while another said they paid $300 for the install and another $300 in custom labor for the changing of the pipes. Your tankless water heater cost for labor will run between $40 and $175 per hour. A traditional water heater preheats and stores water in a tank, usually with a capacity of 30 to 50 gallons. A solar water heater can be a stand-alone device that only heats water when there is sunlight or tied into a backup system. There are several factors to consider in choosing one or the other: Upfront cost. As for the basic installation fee, the costs via the Home Depot was in the $350 range, but this fee could increase if you needed any additional piping, for example. On top of this, some claimed you needed to pay a delivery fee, often around $75, as part of the total quote. According to technicians and inspectors at the International Association of Certified Home Inspectors, the typical water heater has a ten-year lifespan. Smith. An electric water heater can cost $400-$3,000 or more for complete installation of a conventional storage-tank model and $1,800-$4,500 or more for a tankless model (including a 220V/240V outlet). How much does a tankless water heater cost? Type of Cost Tankless Gas Water Heater Tankless Electric Water Heater; Purchase Cost: $1,000 to $1,200: $500 to $700: Installation Cost: $1,750 to $2,000 For residential jobs, Home Depot carries popular brands such as Rheem, Westinghouse and Richmond, with prices for just the water heater ranging anywhere from $425 to $950+. Also, you can do a reset by turning it all the way down and then turn it back to 120-140°F. Are you ready to hire a qualified pro? Tank water heaters range from 20 to 80 gallon capacities. Costs are similar for tank-style water heaters, though a gas tank water heater may cost $50 to $100 more than an electric tank water heater. For an electric whole-house tankless water heater, you can expect to pay up to $1,000 for the equipment and installation. Check our other plumbing and HVAC resources before you start your project. Cost of labor. For a family of five or six, it is the most suitable choice. Gas tankless water heater price. Plus, a gas heater costs less initially. According to our hot water heater installation price guide, the cost to replace a hot water heater is $850. When your hot water isn’t working the first step is to determine if you need a new water heater or if the current unit can be repaired. $0.09 per kWh for electricity is the Federal average price in the U.S. The first thing you should check is if the unit is plugged in and the circuit breaker or fuses are working. Plus, a gas heater costs less initially. An average water heater runs three hours daily. According to Home Depot, all water heater installation services are backed by a one-year warranty on all parts and labor. Signature Select 40-Gallon Short 9-year Limited 40000-BTU Natural Gas Water Heater. Great question. The thermostat will cost about $120, and the heating element is about $200. Therefore, a gas unit may reduce the up-front price difference in as little as one year. 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. Find here detailed information about solar water heater repair costs. Learn about the average bathtub installation costs, and see what impacts the price the most. Get hassle-free estimates from local plumbing professionals and find out how much your project will cost. 179. Insulate the hot water pipe coming out of the heater. $40 but is often separate and will not be deducted from total cost, Starts around $300+ but can increase if additional piping is required, Reports said be prepared to pay around $75~. If the cost of repair is more than $500, you might need to look at how old it is, and consider if it’s worth repairing. Advantages of Gas Hot Water Heaters . Standard residential tank water heaters can range in size and capacity. Each type of water heater comes with its own energy efficiency information. All pricing information on this page is based on average industry costs, and is subject to variance for project-specific materials, labor rates, and requirements. A new thermocouple is about $400. Since the national average for repair is nearly half that of a new one, about $500, it pays to carefully troubleshoot the symptoms before replacement. Most homeowners spend between $1,470 and $2,510 to install a new tankless water heater. Get free estimates from contractors near you. Home Depot will not actually do the work; instead, they hire out contractors who are background screened and licensed to do the job. How Much Does Water Heater Replacement Cost? These are the most well-known water heater brands because they are affordable, reliable, and recommended by friends, relatives, and plumbers. Select StateAlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutDistrict of ColumbiaDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaPuerto RicoRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming. In fact, you could save up to one-fourth of your overall energy costs by installing tankless technology. A gas hot water heater will cost approximately half as much to run as a comparable electric unit. Get fair costs for your SPECIFIC project requirements. A plumber may charge as little as $40 hourly. On this forum thread, the creator of the forum thread said he paid $643 for the unit and the installation, including taking away his old water heater. The two main cost factors for installation is the plumber's la… Lifetime energy cost is the sum of the discounted value of the annual energy costs based on assumed water heater life of 13 years. The 40-50-gallon water heater with a tank is about $350 – $3,000; while the gas heater is $250 – $1,200. For a gas-powered whole-house tankless water heater, you can expect to pay up to $3,000 for the equipment and installation. Solar water heaters are significantly more expensive to install due to the complexity of the system and can cost from $5,000 to $10,000 for the installation. Calculate local project costs by entering your zip code. Tankless water heater costs: Gaining popularity in recent years, these units are also fueled by gas or electricity but only heat water as needed. See typical tasks and time to replace a hot water heater, along with per unit costs and material requirements. The 40-50-gallon water heater with a tank is about $350 – $3,000; while the gas heater is $250 – $1,200. As you consider water heater repairs, there are several factors that can impact the price. However, because of the prolonged and complicated installation process, expect to add several hundred to a couple thousand dollars more in installation costs. You can buy an electric model for $600-$800, while a gas unit will set you back $1,000-$1,500. Signature Premier 40-Gallon Short 12-year Limited 40000-BTU Natural Gas Water Heater. Traditional water heater cost: Typically store between 20 and 80 gallons of water heated by gas or electric power. Posted by TLC - June 14, 2018 - FAQ, Water Heaters Tankless water heaters are typically more expensive to install than standard water heaters. Read below to learn more about the cost to replace a water heater. A water heater is a significant investment, so before committing to a full replacement, we suggest getting several estimates from licensed plumbers for the project. Energy-efficient electric water heaters can save money on your utility bills. The better you maintain it, the longer it will last. New Hot Water Heater Cost. If you’re in need of a new water heater, then there’s a good chance you’re going to head to one of the most popular home improvement chains such as Home Depot. In some areas, same day install jobs are available Monday through Thursday, but in order to qualify, the service must be requested before noon and must be within 30 miles of the Home Depot store. This forum thread on, for instance, had multiple pages discussing the costs of what a hot water heater cost them to have installed. Or, they may charge more than $150. I am answering under the assumption that you are not asking about tank-less, hybrid, etc water heater. 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. Use this as an estimate only. But the initial cost is around $3,000. Clean the gas burner in a vinegar and hot water solution with a wire brush. Depending on your selection, the average cost for water heater installation is between $1,000 to $3,000. When You Should Call a Plumbing Professional . For gas heaters, take these steps: Once again, if these steps do not work, call a plumber. If your home needs to be rewired, it can easily add $3,000 or more to the cost of installing a tankless water heater. Most standard electric and gas water heater units cost $400 to $1,600.However, they can range anywhere from $250 to $6,000, depending on the type. NOTE:  These are estimates gathered online and are in no way associated with the costs you may receive. These units do not store hot water … The cost to install a water heater in Colorado ranges from: $2,500 to $11,000 for a tank water heater $5,000 to $7,000 for a tankless water heater Keep... View Article The answer depends on whether you choose an electric or a gas model. To calculate the annual operating cost of a propane water heater, you need to divide 41,045 by the heater's Energy Factor and multiply the result by 365, and the fuel cost … Local plumbers and HVAC contractors install tankless water heaters. A plumber might suggest replacing the thermostat or heating element. Troubleshooting a gas heater is a little different than electric; though flushing the tank, turning up the temperature, and insulating the pipes are probable fixes for either. In other words, as soon as y… How much does it cost to replace a 50-gallon water heater? The most common in-home water heater is an electric heater with tank, for about $900 installed. Please read our disclosure policy for more info. In conclusion, when all of the install fees were added, the costs could range anywhere from $425 to $575+ for just the install and again, this would not include the hot water heater you purchased at the store. The answer will vary from contractor to contractor but for the most part, you should see a price that falls within the two ranges below. Tankless water heaters cost around 2-3 times more than traditional storage tanks. Learn how much it costs to locate and repair a plumbing leak, and calculate the approximate price to hire a plumber in your area to fix your water line. In most cases, you will spend between 500 and 700 USD for these water heaters. In contrast, you will pay between $1000 and $1200 if you need a propane water heater. A plumber can diagnose the problem and assess if the unit can be repaired. The average total cost for a new traditional water heater and installation is $1,308. But, you must also consider the first hour rating. Here are the average prices and pros and cons for each type of water heater: The default setting is 140°F, but the recommended setting is 120°F, so anywhere in there should be fine. However, they might bundle it together and call it a service call, which is typically $300. See our rebates page to find out how much you might be able to save. Replacing tank water heaters is not difficult but does require a bit more work to retrofit. The national average cost to repair a water heater is $577.The typical range for repairs is $218 and $936, though homeowners have spent as little as $100 and as much as $1,300. 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).Newer hot water tanks are more energy efficient than older models. Find here detailed information about tankless water heater installation costs. Item #962548. 2020 Water Heater Installation Cost | New Water Heater Cost If you can bring water heater into the house and change it yourself, it is only a few dollar cost. These water heaters are very common and readily available, plus are perfect for use in colder climates. Compare; Find My Store. New hot water heater installation costs range from as low as $550 to $10,000 or more, including the unit and labor. The costs of having a water heater installed by the Home Depot will vary based on a few factors, including the time of year as the promotions do change and the scope of your project since some jobs may require more parts/labor than average. About Us | Contact Us | Privacy Policy | Amazon Affiliate Disclosure Copyright © 2020 | Proudly affiliated with the T2 Web Network, LLC The information contained on this website is intended as an educational aid only and is not intended as medical and/or legal advice. How much does a tankless water heater cost? If a gas hot water heater goes bad, the unit can easily be replaced with a similar unit for about $500 to $700. Average cost to install a tankless water heater is about $1,645 . Average cost to repair a solar water heater is about $330 (Varies by type of issue). Rinnai tankless water heater cost. Usually gas-fuelled, Rinnai water heaters are efficient and even available with wi-fi connections. The initial cost of purchasing electric tankless water heaters is usually much lower. These units do not store hot water but rather heat it as needed, which saves energy. The cost difference is due to the process to convert from tank to tankless.. Also, not all homes are ready to support tankless water heaters. If you’re interested in solar energy, check out our solar electric cost guide. The pricing of water heater repairs can be variable.