Are you in need of a new water heater?
Water heaters are something we all take for granted, but without them, our lives would be much worse. You likely only ever spare it a thought when it breaks down and you’re faced with a dreaded cold shower. And when it comes to the time to replace them, you might not know what to expect from the costs.
That’s where we can help! Read on to learn how much a new water heater cost and what you should budget.
Gas vs. Electric Water Heaters
You can get gas and electric models in both tanked and tankless water heaters. There are pros and cons of both, so let’s explore them below.
Electric Water Heaters
The water heater cost for an electric tank is less expensive than gas. For a residential 50-gallon tank you’re looking at around $500. But the monthly operating costs tend to work out more expensive than for gas.
Due to the smaller risk of leaking and combustion, electric heaters often rank as safer than gas. They’re considered better on the environment too. The downside though is when the power is out, there isn’t any hot water.
Gas Water Heaters
The water heater replacement cost for gas is higher at around $700 for a 50-gallon tank. They are cheaper to run than electric heaters though, which can add up over time.
While you need to be aware of gas leaks or combustion, your gas heater will run without electricity. It’s also not as good for the environment due to the carbon dioxide emission.
Regular maintenance from a professional water heater technician will help prevent issues. You can find out more at: midtownmechanicalservices.com.
Tankless Hot Water Heater Cost
The cost of a water heater will vary depending on the option you choose. Tankless heaters function by heating water as you need it. It uses electricity or gas to heat the water pipe, providing hot water on demand.
You can still store a tankless water heater in your basement or utility closet, as you would a normal heater. If you’re low on space, there are smaller tankless options. These will fit on a bathroom wall.
The water heater installation cost for tankless heaters is higher. You’re looking at around $1,200-$3,500. This is due to the more labor-intensive installation process. There are also new water and gas/electric connections to install.
Though the price is higher than normal heaters, they use less energy. Over time you’re looking at significant savings on your utility bills. Tankless heaters also have a longer lifespan of up to 20 years.
What’s Involved For the Cost?
The cost you pay won’t only cover the new equipment. There are labor and installation costs to cover too. Here are some extras that you’ll need to pay for:
- Delivery of new heater and removal of the old one
- Disconnecting the old unit
- Installing and securing the new heater
- Connecting your water heater to existing venting
- Connecting to gas/electricity supply
- Checking the installation meets current code
- Cycle and leak test
- Final inspection
- Talking you through maintenance and how to use it
- Clean up and remove any debris
Different professionals will include other items in their installation costs. Always shop around and check with your installer what you’re paying for. You also want to check for any hidden charges.
New Water Heater Cost: Know What You’re Getting
So, there you have it! Now you know what the new water heater cost is, you can make the right choice for you.
Think about your hot water needs. If you don’t need a tank, then going tankless could be a smart choice. They’re better on the environment and your purse strings too. But whatever you choose, make sure it’s right for your home and always call a professional.
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