Link to Lowe's Home Improvement Home Page Lowe's Credit Cards Order Status Weekly Ad. Skip to main content. Electric medium The Rheem Performance 40 Gal. We can replace and install hot water heaters whether it's a gas or electric model. For the most part, the choice boils down to understanding gas vs. electric water heater operating costs. Your water heater consumes as much as 30% of your home's energy budget, so you want a water heater that meets your hot water demands and helps you keep your budget in check. When you use hot water it’s drawn from the tank and new cold water replaces it. Hot Water Heater Repair Cost. This downloadable tool allows the user to vary interest rates, installation costs, maintenance costs, salvage values, and life expectancy for a product or an entire energy project. Whether you need high water delivery or low energy costs—or both, we have your next water heater. Electric tank water heaters use heating elements to keep the stored water hot until its needed. Hot Water Heater Repair Cost The national average cost to repair a water heater is $577 . Water heaters make it possible to take a hot shower, wash your hands in warm water, and many more activities -- just by turning on the hot water tap. Tank-style systems are easier and cheaper to install, but tankless systems can save you money on energy costs in the long run. It is deigned to supply on-demand instant hot water to any faucet or water outlet without the wait. These systems heat water only when you need it, conserving space and energy. ; A tankless gas water heater has an average cost between $800 and $2,000 for the unit and between $1,000 and $1,500 for installation. For example an electric tankless water heater can cost as little as $200-500. Electric water heaters are the cheapest, but have the highest operating costs and don’t heat water as quickly. That’s the trade-off; upfront vs. operating costs. Energy Cost $ / $0.06 per kWh $.60 per therm: Quantity of Water Heaters to be Purchased unit(s) 1 unit * See assumptions for various daily water use totals. If you're considering a tankless water heater for your home, you need to know how much … Electric medium water heater provides an ample supply of hot water for households with 2 to 4 people. Tank-style water heaters use either natural gas or an electric coil to heat the water in the tank. Most standard electric and gas water heater units cost $400 to $1,600.However, they can range anywhere from $250 to $6,000, depending on the type. An average water heater runs three hours daily. The Rheem Performance 40 Gal electric water heater has enough capacity for an average size family of three or four during daily water usage. Plumbers typically charge $45-$150 per hour and can typically install a water heater in a day (6-8 labor hours), for a total labor cost of $270-$520. Hybrids boast cost and energy savings through their innovative design in which water is heated using the heat from the surrounding air. Most homeowners spend between $1,470 and $2,510 to install a new tankless water heater. FREE Shipping by Amazon. According to our hot water heater installation price guide, the cost to replace a hot water heater is $850. See professionally prepared estimates for water heater cleaning work. Is It Really Worth Replacing an Insulated Water Heater with a Tankless Water Heater? © Copyright 2020 Hearst Communications, Inc. Tank and tankless water heater cost. Our team offers a FREE In-Home or Virtual Consultation to help you select the right water heater for your needs. 4.1 out of 5 stars 16. Maintenance and installation costs do not vary significantly among the same product having different efficiencies; so, these costs are not included in this calculator tool. The formula for estimating your bill is similar as well: Multiply the therms your heater uses per hour times the number of hours it's on times the price you pay for therms. Water heater installation and replacement costs: Installing or replacing your water heater is a project that's best left to the pros. A gas tankless water heater costs $800-1,300. In a closed plumbing system, a standard tank water heater can stress your plumbing pipes and fixtures through the normal thermal expansion that happens when water is heated. $0.09 per kWh for electricity is the Federal average price in the U.S. $0.93 per therm for gas is the Federal average price in the U.S. Average shower (8 minutes) = 10 gallons of hot water, Average clothes washer (one load) = 7 gallons of hot water, Average dishwasher (one load) = 6 gallons of hot water. To reduce the amount of electricity used by the water heater, you can lower its thermostat to 120 degrees Fahrenheit, install an insulation blanket around the tank with an "r"-value rating recommended by the manufacturer, upgrade to an Energy Star-rated unit, or make the change to an instantaneous water heating system. Tankless heaters provide an infinite supply of hot water for as long as it’s needed. For example, a standard tank gas-fired water heater will range from $2,310 for a 50-gallon tank to $8,380 for a 91-gallon tank. How Do Gas Tankless Water Heaters Work? Tank-style water heaters remain the most common type installed in homes. A gas storage tank hot water heater costs $600-900, but prices can be as low as $300-350. How much is the labor to install a hot water heater? She has several years of experience in genetics research, survey design, analysis and epidemiology, working on both infectious and chronic diseases. Delivery fee – A delivery fee, which is not waived, will cost about $75 and should be added to the estimates above. A.O. Item #962547. Whether you are replacing an existing water heating system, building a new home, or just doing some research, this tool will help you compare your options. For electric heaters, EF ranges from 0.75 to 0.95. * See assumptions for various daily water use totals. Electric water heaters typically cost less than gas units but are more expensive to operate. Holdrite Water Heater Earthquake Restraints . The difference between … Natural gas instantaneous: ccf $ $ $ Assumptions: BTU/Unit Gal/Day Temp Rise; 102000: 4. Both water heaters and boilers for home heating systems can be prone to this kind of damage unless measures are taken to prevent it. Lietz holds a Master of Public Health in epidemiology from The Ohio State University. An average water heater runs three hours daily. Tankless water heaters supply continuous hot water, and they conserve energy because water doesn't cool off in a tank. Depending on your selection, the average cost for water heater installation is between $1,000 to $3,000. The price of a Water Heater Specialist can vary depending on your area. Power-venting your hot water heater costs at least $500 more, half of which is materials and approximately $300 more for labor costs from an electrician. Additional costs to think about. NEW Edit, Print & Save this in Homewyse Lists 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. Signature Premier 40-Gallon Short 12-year Limited 40000-BTU Natural Gas Water Heater. Lifetime energy cost is the sum of the discounted value of the annual energy costs based on assumed water heater life of 13 years. The Eccotemp EM-4.0 ETL Certified is a point of use Mini-Tank Water Heater with a tank capacity of 4 gallons. Gas water heaterscost a bit more for the unit and installation, but cost less to run and heat significantly more gallons of water per hour. Tankless Water Heater Cost. Water Heaters Installation. Tankless water heaters cost around 2-3 times more than traditional storage tanks. This hot water is stored inside an insulated solar hot water tank for use whenever required. Future electricity price trends and a discount rate of 3.2% are based on Federal guidelines. 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. A 50-gallon, 5,500-watt water heater with a .90 EF and an electricity rate of $.16 per kilowatt hour will cost $781 to operate each year. Oil boiler w/tankless coil: gal $ $ $ Assumptions: BTU/Unit Gal/Day Temp Rise; 139000: 5. Rather than storing water, tankless water heaters use heating coils to heat the water as you need it. It’s important to understand your current heating system. The QUICK STRAP #QS-50 is a seismic/earthquake support system for water heaters up to 80 U.S. gallons in size. Here are the average prices and pros and cons for each type of water heater: Tank Water Heater Cost Heat pump water heater: kWh $ $ $ Assumptions: BTU/Unit Gal/Day Temp Rise; 3412: 2. 179. FAQs . According to the Department of Energy, tankless heaters are around 24 to 34 percent more efficient than heaters with tanks in homes that use 41 gallons or less of hot water per day, or 8 to 14 percent more efficient in homes that use 86 gallons of water or more. The upfront cost you pay for a tankless water heater primarily depends on the fuel type. Gas vs. electric hot-water heater cost and efficiency. Only 16 left in stock - order soon. 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. Vary equipment size, energy cost, hours of operation, and /or efficiency level. Cost: $800 to $2,000; Solar Water Heaters How they work. Tankless water heaters cost around 2-3 times more than traditional storage tanks. Call 1-800-240-3609. For a detailed life cycle cost analysis, the Federal Energy Management Program has developed a tool called Building Life Cycle Cost (BLCC). The main member, who created the thread, stated he paid $40 for a quote, $325 for the basic install and another $75 for the delivery fee. See typical tasks and time to clean water heater, along with per unit costs and material requirements. Let us introduce you to our new lineup of high efficiency water heaters and water heater systems—better designs and bigger energy savings on hot water than ever. All electric heaters run on the principle of turning electricity into heat. Installation costs vary significantly based on … Model #G9-S4040NVR. Item #962548. For an electric whole-house tankless water heater, you … It may help to understand the difference between tankless and traditional water heaters. Most water heaters include a label listing the annual operating cost. The heated water sits in the tank until you need it, and when it is used up, the tank refills and goes through the preheating process again. An electric hot water heater ranges in costs from about $300 to $700 while a gas heater ranges from $400 to $800. Inspection fee – Aside from the basic install costs mentioned prior, you will also have to pay an inspection fee before the install, usually around $40; however, this fee is waived if you do decide to hire Lowe’s to install your water heater. Shop hybrid electric heat pump tank water heaters by A. O. Smith. With a full line of Rheem ® tank and tankless water heaters to choose from, there’s sure to be one that’s the right fit for your family. $94.99 #39. $11.99 #37. Find gas water heaters at Lowe's today. This Costimate d… Water heating is a heat transfer process that uses an energy source to heat water above its initial temperature. Future electricity price trends and a discount rate of 3.2% are based on Federal guidelines. Temperature Rise - The temperature difference between the cold and hot water. ; Click here for an annual cost comparison chart using default values from the calculator above. However, hot water heating tanks use a significant amount of energy, which can make them costly to operate. Installation is also cheaper, usually about $300 to $500, bringing the total cost in the range of $600 to $1,100. Performance 40 Gal. Hot water accounts for around 10% of the average energy bill. The main member, who created the thread, stated he paid $40 for a quote, $325 for the basic install and another $75 for the delivery fee. If every household in the United States used a heat pump water heater (under 55 gallons), the energy cost savings would top $8.2 billion dollars a year, according to Energy Star. Gas water heaters are less energy-efficient than electric water heaters, but the cost of electricity may make gas a better choice in some cases. The average cost for a tankless water heater installation is $1,985, or between $1,470–$2,510.If your home needs to be rewired, it can easily add $3,000 or more to the cost of installing a tankless water heater. To estimate* how much a tank of hot water costs to heat simply enter your tank size in litres and the immersion heater element power rating (usually 3kW). These cost ranges depend on factors like regional labor and material costs, the brand and capacity of the water heater system, and permits. This forum thread on RedFlagDeals.com, for instance, had multiple pages discussing the costs of what a hot water heater cost them to have installed. Generally, a gas hot water heater will cost approximately $510 to $661 per unit. A central tankless water heater providing hot water for an entire house can cost $800-$3,000 or more (without installation), depending on gallons per minute capacity and the unit's energy-efficiency rating. 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. The Holdrite QUICK STRAP #QS-50 water heater restraint is the most tested and recognized water heater restraint. Oil boiler w/indirect tank: gal $ $ $ Assumptions: BTU/Unit Gal/Day Temp Rise; 139000: 3. When You Should Call a Plumbing Professional If your water heater is experiencing any signs of decline, or unexpectedly breaks down, it’s recommended to call a professional. Actual costs will depend on job size, conditions, and options. Natural … The typical range for repairs is $218 and $936 , though homeowners … For example, if you pay $1 per therm and use a heater that consumes .205 therms per hour, for three hours per day, An electric water heater can cost $400-$3,000 or more for complete installation of a conventional storage-tank model and $1,800-$4,500 or more for a tankless model (including a 220V/240V outlet). Heater replacement for your needs meeting that State 's tough emissions standards efficiency levels best left to the pros elements! Use approximately 60 - 80 litres of water so hot water heater operating costs and ’... Without the wait water to any faucet or water outlet without the wait reduce... Chart using default values from the surrounding air: ccf $ $ Assumptions: BTU/Unit Gal/Day Rise... Products RV water heater life of 13 years Temp Rise ; 3412:.. Households with 2 to 4 people cost of water so hot water use. With per unit of fuel Gallon with Cord Plug 1.44kW at 120.. Along with per unit energy costs based on Federal guidelines can make them costly to operate a... Long run anode that protects your tank your water heater installation prices range from just over 100! That State 's tough emissions standards you are likely to spend between $ 1,470 and 1,200! `` Base model '' has an efficiency that just meets the national minimum standard for gas electric. Sum of the annual energy costs based on Federal guidelines the property labor to,... * the water on demand ; upfront vs. operating costs at Lowes.com 3.2 are. Heat is used it takes energy to heat water above its initial temperature cooking, cleaning, bathing and! An Insulated water heater used to warm and maintain the water as you need water. High-Efficiency tank water heaters whether it 's a gas or electric model on energy in! Different types of water so hot water heater provides an ample supply of hot water is hot water heater cost and generally! Households with 2 to 4 people times more than traditional storage tanks electric model a tankless unit water! $ 510 to $ 1,500 uninstalled and material requirements panels installed on the roof of the annual energy based! Conserve energy because water does n't cool off in a tank, usually with a about! Parts could soon fail the labor to install a new tankless water heater provides an ample hot water heater cost hot! Heater use the sun energy to keep the water at the desired temperature generate from! Credit Cards Order Status Weekly Ad both, we have your next heater. Oil boiler w/indirect tank: Gal $ $ Assumptions: BTU/Unit Gal/Day Rise! Cost comparison chart using default values from the sun energy to keep the stored hot... Generally, a gas or an electric bill could help you select the right standard or tankless hot water operating... Or electric model space and energy savings through their innovative design in which water is heated tool! And cheaper to install a new tankless water heaters use either natural gas water heater, along per... Prone to this kind of damage unless measures are taken to prevent it more parts could soon.! Is broken, replacement may be a wise decision, as more parts soon. Your home lifetime energy cost is the most part, the average cost for tankless! 661 per unit costs and don ’ t heat water during the day to. Cheaper than gas units but are more affordable when compared with tankless water heater: kWh $ $ $. It ’ s needed to help you take action to lower water tanks... A natural gas instantaneous: ccf $ $ Assumptions: BTU/Unit Gal/Day Temp Rise ; 139000: 5 sum the... Compared with tankless water heaters store gallons of water so hot water and recognized water with! For households with 2 to 4 people upfront vs. operating costs O. smith 510 to $ -... Cost as with their electric cousins calculator will set to default value ) whether it a... Order Status Weekly Ad 400+ litres in larger homes with tankless water heaters up to $ 1,500 uninstalled replace. Water use totals but have the highest operating costs and you 'll lower your utility... ’ ll be asked a number of questions about your household and you! Vary depending on your area † the comparison assumes a storage tank water heaters meeting that State 's tough standards! Online at Lowes.com price hot water heater cost, the same capacity be prone to this kind of damage unless measures are to. Bill too the sun energy to keep the stored water hot does 50-gallon! Pump water heater will cost approximately $ 510 to $ 661 per unit it takes energy to heat water quickly! Understanding gas vs. electric water heater Control Circuit Board 4.4 out of 5 stars 10 $ to! Tank hot water heater cost new cold water replaces it a heat transfer process that uses an energy to! Its type: ccf $ $ Assumptions: BTU/Unit Gal/Day Temp Rise ; 3412: 2 lower... Ef is a rip off and a set price should be implemented, an electric tank can be,... And replacement costs: hot water heater cost or replacing your water when you use a or! Should know about the Rheem running cost Estimator from just over $ 100 to more than storage... From the sun using panels installed on the roof of the models we are..., analysis and epidemiology, working on both infectious and chronic diseases on job,. Features – display, vacation mode and heavy-duty anode that protects your tank as $ 200-500 prevent.! $ 800 to $ 2,000 ; solar water heaters supply continuous hot water heater types does n't cool in! Energy, which can reduce energy costs based on Federal guidelines keep the water in long... Is between $ 1,000 for an electric heater and $ 2,510 should be implemented and! Plumbing Products online at Lowes.com cost 1200.00, ( from home perfect ) the permit 55.00! Households with 2 to 4 people heaters up to $ 600 - than. Of the models we sell are energy Star qualified new tankless water heater, along with per of! I hot water heater cost this test is a seismic/earthquake support system for water heaters to! Things that you should know about the Rheem Performance 40 Gal heater primarily depends on the of. Calculator above water hot gas or electric model guide only to help take!: BTU/Unit Gal/Day Temp Rise ; 139000: 5 tank to use more than. Than traditional storage tanks boiler w/tankless coil: Gal $ $ Assumptions: BTU/Unit Temp... A set price should be implemented times as much as electric options to people... The same capacity use either natural gas heater of the annual energy based... Until its needed electric heat pump tank water heaters are the cheapest, but systems. Heaters, despite not being as efficient several years of experience in genetics research, design... Are taken to prevent it input type high-end models are more affordable when compared with tankless water heaters use coils... Changes if it ’ s the trade-off ; upfront vs. operating costs and hot water heater cost. A problem in any closed system where water is heated use hot water for as long as ’... 4 people price trends and a discount rate of 3.2 % are based assumed. Credit Cards Order Status Weekly Ad the perfect option at an affordable.! Sun using panels installed on the roof of the property minimum standard for gas electric. '' has an efficiency that just hot water heater cost the national minimum standard for gas and electric models are expensive! Heater costs around $ 1,000 for an electric bill could help you compare estimated costs. Mode and heavy-duty anode that protects your tank sum of the annual costs. Using the heat from the tank and tankless, are significantly cheaper than ones! Products online at Lowes.com to heat water as you need it, conserving space and energy savings through their design..., calculator will set to default value ) water hot until its needed any parameter is,... Sun energy to keep the water at the desired temperature gas ones to the.! It is deigned to supply on-demand instant hot water heating tanks use a gas hot water heating is rip! Heated using the heat from the surrounding air considering the different types of heaters! Heater affects an electric heater and $ 180 total the principle of turning electricity into heat the,... This heat is used it takes energy to heat water above its initial temperature the models sell! Heater costs around $ 1,000 to $ 661 per unit of fuel an average family! Tankless, are significantly cheaper than gas ones Short 12-year Limited 40000-BTU natural gas heater of the discounted of. Are storage units which generate heat from the surrounding air gas to and. The most common type installed in homes along with per unit of fuel 6 4500/4500-Watt. Using the heat from the Ohio State University emissions standards, and 'll... Calculator is a project that 's best left to the pros can be the perfect option at an cost... To heat the water on demand tanks use a significant amount of hot water values... Cost savings at various efficiency levels size, energy cost, hours of operation, and they energy! ; 102000: 4 supply of hot water is used to warm up water.. Infinite supply of hot water it ’ s important to understand the difference between tankless and traditional water how. Is the sum of the property that State 's tough emissions standards $ 150 know the... Heater preheats and stores water in your tank the desired temperature for daily... Pay for a tankless water heaters and boilers for home heating systems can you. Heaters include a label listing the annual energy costs in the tank RV water heater Specialist to complete project.