Water heaters are entirely underrated in modern homes. Usually, we don’t even pay our water heaters a second thought. That is, until we’re hit by a cold shower before work! When you experience a major breakdown, it means putting a halt on hot showers, washing dishes, doing laundry, and more. If you’re facing the installation of a new unit in your home, then you’re probably asking a very important question. How much does water heater replacement cost?
Average Cost for a New Water Heater Tank & Installation
Every 15 years or 20 years, homeowners are faced with replacing their roof. For water heaters, the average lifespan of the tank is closer to 8 to 12 years. If you notice any of these signs of water heater failure or your tank is getting to it’s tenth birthday, then it’s time to consider getting a replacement.
The nationwide cost for replacing a water heater typically falls between $1,300 and $2,000. For our local Florida homeowners, the range is lower: from $900 to $1,500.
Why such a big range? Your hot water heater installation costs typically include the tank, water heater installation (cost of a professional plumber), permits, and removal of your old unit. There are also two main cost factors to consider when looking at how much for a new water heater!
Types of Water Heaters
In 2021, homeowners have more than just your standard, traditional water heater tank to choose from. In fact, one of the big impacts on your cost will be what type of unit you purchase to install. There are five main types of systems you’ll be able to choose from, and each has it’s own benefits.
- Electric Water Heaters
- Natural Gas Water Heater
- Solar Water Heater
- Propane Water Heater
- Tankless Water Heaters
In Florida, you’ll mainly see gas, electric, and tankless water heaters. Electric and gas units are your standard tank systems. Electric water heaters tend to be less costly to install and more costly to operate, while gas units take less money to operate and more to install (especially if you have to install gas lines as well).
Tankless water heaters are becoming more and more popular, and they are a more costly option for homeowners. the big benefit of the tankless system? These are significantly more energy efficient than other types of heaters – and you’ll see a huge difference in your utility bill each month. If tankless is a good choice for your home, and you can afford the upfront investment, it’s worth it.
Water Heater Size
If you choose to go with an electric or gas option, the next big cost will be the size of the tank. This is a very important part of the process when you install a water heater. Most two-person and three-person homes use a 40-gallon tank, but sizes go up to 100 gallons for large homes.
If your home needs to accommodate the hot water needs of five or six individuals, be prepared. That can add thousands of dollars onto your cost of the tank. Want a quick estimate for your home’s water needs? Check out this online tool to find the right water heater for you.
In addition, check with your building’s regulations. Some locations may require expansion tanks, which will add to the cost of your install.
Hire a Professional for Your Water Heater Install
When you’re wondering how much does it cost to replace a water heater, it’s important to also consider who will complete the installation. While you can purchase a water heater at The Home Depot on your own, it’s always best to hire a professional.
An expert plumber is the best investment to ensure that your water heater is the right size, installed properly, and all good to go when you need it! If you’re considering a water heater replacement or need water heater repair, hire a local, professional plumber for the job.