New water heater tank and installation costs.
Average cost to install a new gas water heater.
Plus a gas heater costs less initially.
On average installing a water heater costs 600 1 500 with the average customer paying 1 000 to install a whole house 50 gallon tank water heater for a 4 5 person household.
Gas or electric the cost of water heated by electric is 100 per year more than gas.
According to bob vila the price for a plumber to replace a gas water heater is between 400 and 550 but if this is the first installation of a gas water heater in the home the total for an installation could go as high as 1 500 2 300.
According to our hot water heater installation price guide the cost to replace a hot water heater is 850.
This estimate includes the following components.
The 40 50 gallon water heater with a tank is about 350 3 000.
Therefore if your repair bid comes in above 425 and your hot water heater is more than seven years old you may want to consider replacement versus repair.
Electric water heater cost.
If you re not sure whether to repair or replace a water heater a good rule of thumb is to never spend more than half the cost of replacement on a repair.
An average water heater tank lasts about 10 years.
Although a more affordable option tank heaters are less energy efficient since they constantly run to maintain the desired tank temperature.
Established as the conventional water heater that s easy to install storage tank heaters are less expensive than tankless systems running between 820 1 290.