Average Water Heater Installation And Replacement Cost – Forbes Home - Forbes

Different types of water heaters are available on the market and the installation costs can vary depending on the specific type you choose. Below are the different types of water heaters and their average prices, so you can make the best decision for your home.

Tank

Tank water heaters are the traditional option, storing and constantly heating a supply of water. Storage tank water heaters are usually easier to install than tankless water heaters, which means they're also typically less expensive. Storage tank water heaters can cost around $600 to $800, but costs vary on the size of the tank. Installing a tank-style water heater will cost between $900 and $2,500 on average.

Tankless

Tankless water heaters warm water on demand, eliminating the need for a storage tank. These units tend to be more energy-efficient but may require additional installation considerations. Tankless water heaters can range in price from $600 to $1,500. A tankless water heater installation costs between $1,000 and $3,500.

Gas

Gas water heaters rely on natural gas or propane to heat the water. The installation cost for a gas water heater can range from $500 to $2,500. Installation costs depend on the tank size and any additional work needed. But remember that while gas models are less expensive to operate, you do need an existing natural gas line to be able to use them.

Electric

Electric water heaters use electricity to heat the water. The installation starts at the same price as gas water heaters; from $500. But they can be more expensive, with high-end electric options that can cost up to $3,500. Remember that the monthly costs of electrical and gas heaters are different—electric models tend to be more expensive than their gas counterparts.

Direct Vent

Direct vent water heaters bring combustion air from outside and exhaust gasses directly outside your home. Installing a vent pipe when switching from an electric direct vent tank-style water heater to a direct vent gas model usually costs between $500 and $1,000.

Power Vent

Power vent water heaters use a fan or blower to assist in venting combustion gasses out of the unit. Power vent water heaters are suitable for situations where a traditional chimney or natural draft venting is not available or practical. The power vent water heater installation cost may vary based on the venting setup and additional electrical requirements. Expect to pay between $500 and $1,000 for vent pipe installation.