Cost to install an electric water heater varies greatly by region (and even by zip code). 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. is the annual cost of heating using electricity. Propane is a more efficient and cleaner fuel but comes with a higher BTU than natural gas. Both storage tanks and tankless water heaters might be a good option depending on your home and your family’s needs. 3. A tankless system heats the water on-demand when you need it through a series of super-heated coils. Get free estimates on HomeGuide from trusted plumbers: [1] According to Plumbing Today and Home Depot. No changing of power sources (i.e., electric to gas) or structural modifications. If anything goes wrong with the tank after 1 year, you will have to cover labor between. To calculate your needs, first determine your peak hour demand or what time of day you use the hottest water at home. The average service life of a water heater is between 8 to 12 years. No matter the type of water heater purchased, regular maintenance extends the life cycle of the heater. Savings can total anywhere between $50 and $350 a year, depending on the type of tank purchased. 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. An extended warranty can start as low as $60 for up to 5 years. The average price to install a new electric hot water heater is between $620 and $1,035. Definitions in laymen's terms, cost considerations, pictures and things you need to know. However, a 100-gallon tank is not necessary since you wouldn’t use all 100 gallons within one hour. Replace the water in the tank. Removal and disposal of the old unit are typically included in a quote. A desuperheater geothermal heat pump add-on costs $250 to $800, and saves up to 55% on water heating bills. A solar water heaters costs $2,000 to $5,500 on average to install. How Much Does It Cost to Install an Electric Water Heater? If it isn’t, you’ll have to pay to have it professionally installed all over again before you can sell your house. Test the temperature pressure release valve by opening it to check for water flow. These units need a condensate drain or pump and doesn’t operates best in 40° to 90°F temperatures. Get free estimates from water heating professionals in your city. Future electricity price trends and a discount rate of 3.2% are based on Federal guidelines. On average, a professional plumber charges between $45 and $65 an hour for labor. Water heaters come in a variety of storage tank sizes, and there are even tankless versions. The cost of replacing a water heater in Canada can range from $105 to $8,300, with the average cost being $1,466. According to the website, tankless heaters can provide between 2–5 gallons per minute, with gas-powered units producing the higher GPM. A professionally licensed plumber knows how to properly install water heaters. Water heater installation and removal requires permits in most states. You can use a solar water heater instead of just electrical to help save costs. Then allow cold water to flow into the bottom of the tank to rinse the sediment out. With a typical lifespan of 10 to 15 years, replacement is more common than water heater repair. There are several significant downsides to doing the work yourself, but the main risk is that you will need to have it inspected and permitted and it might not be up to code. 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. 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. Submit Your Information. A tank style water heater stores 40 to 50 gallons of water which stays heated to the temperature you set. Water heaters are known to leak, especially if they are old. Actual costs will depend on job size, conditions, and options. 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. These are the pros and cons of each one: Runs off of natural gas, regular gas, heating oil, or propane. On average, propane water heater installation costs around $1,000–$1,500. Get free custom quotes from qualified pros in your area. Item Unit Cost Quantity Line Cost; 1. The average family of four might use 100 gallons of hot water in a day, between showers, dishwasher, and washing laundry. 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. Zip Code * Service Go to Step 2 » If you are human, leave this field blank. If you're feeling lukewarm about your current hot water heater or are looking to install one in your new home, Lowe's has a full selection of electric water heaters, gas water heaters, tankless water heaters, hybrid heat pump water heaters and water heater accessories to help you make one very hot choice. 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. 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. 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. Water heater: 40 gallon tank, 240V, 9 kW. 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. The EcoSmart ECO 11 Electric Tankless Water Heater promises to be almost effortless to install and is supplied with clear instructions. 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