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    • Katie Flannery
    • Tankless water heaters, also known as on-demand water heaters, have a much higher installation cost than traditional tank water heaters.
    • Tankless water heaters can be powered by gas or electricity; gas is the pricier option initially, but may have lower utility costs over time.
    • Storage tank water heaters are much cheaper to install than tankless models, though they are typically less efficient, which can mean higher utility costs.
    • Traditional tank water heaters have a shorter lifespan than their tankless counterparts, so homeowners will likely need to pay to replace them sooner.
  1. Dec 14, 2023 · We break down exactly how much it costs to replace a water heater and install a new fixture, as well as the types of water heaters and their features.

    • Kate Mcgregor
    • Digital Editor
    • Converting Water Heaters
    • Efficiency Rating
    • Location
    • Permits

    Replacing an existing unit generally costs less than installing a system from scratch, since many of the electric and gas hookups are already set. But if you’re converting from one power source to another, there will be additional costs, such as adding electrical wiring ($550 to $2,300), installing gas lines ($275 to $825) or installing a water lin...

    High-efficiency models come in both tank and tankless models and can offer energy savings of 100% to 300%. However, they cost an average of $1,000 to $3,000 more than a standard-efficiency model.

    If the water heater needs to be moved, there may also be costs to repair and install drywall ($1,000 to $2,900) or build new framing ($200 to $400).

    You may need to pay for permitting ($100 to $1,500), depending on the extent of the work and the state you live in. » LEARN MORE: How much does it cost to replace a water softener?

  2. Aug 26, 2024 · What is the average labor cost to install an electric water heater? How long does it take to install a 40-gallon hot water heater? Is a 40-gallon water heater enough for a three-bedroom...

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  4. Sep 11, 2024 · The cost to replace a water heater ranges from $300 to $5,000, plus installation. That’s a wide range that may not be helpful for homeowners who need to budget for this crucial system. Below, take a look at our table to find a quick look at more specific ranges for each type of water heater.

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