Water Heater Replacement Costs
Consistent hot water is something most homeowners take for granted until their system malfunctions or bursts, leaving them with no option but to seek a professional. Water heater replacement is a major project that requires plumbing, electrical work and gas piping, so it’s important to hire a licensed, insured plumber to ensure the job is completed safely and up to code.
The first step to understanding how much are water heater replacement costs is to consider the overall life expectancy of your current unit. Most manufacturers recommend a maximum lifespan of nine years, meaning that after this point it may be more cost-effective to replace the unit than to continue paying for expensive repair fees.
A second consideration is the type of new heater you choose. Homeowners can choose between a traditional tank-style electric or gas water heater, and each type has its own installation costs and running costs. Electric units are generally cheaper to install, but they can be more costly to operate long-term. Gas water heaters are more expensive to purchase and install, but they run more efficiently.
How Much Are Water Heater Replacement Costs?
If you’re replacing an existing water heater, your contractor will need to remove the old equipment and dispose of it. This could add up to $500 or more, depending on the hourly rate of your plumber and the size of the unit. For a large home with multiple water heaters, it may be necessary to hire a crane to lift the old unit out of place.
Some installations require additional materials such as discharge pipes, fittings, pipe thread compound, pressure relief valves and soldering supplies. You’ll also need to factor in the cost of a permit and any carpentry work if you’re relocating the water heater.
You should also expect to pay more if you’re changing from one fuel source to another, as this will add to the total project costs. It’s common to pay extra for a gas line extension, which can be more than $350, or to add electrical wiring, which can cost about $500.
Lastly, some installations require an expansion tank to prevent your pipes from bursting as they expand with the heated water. These tanks are typically $40 to $350, but they’re required by most modern building codes.
It’s essential to get a professional estimate for the cost of water heater replacement before completing the project. Your plumber can help you understand the costs involved and determine whether repairing or replacing your unit makes more sense. You’ll also need to weigh the pros and cons of a newer, more energy-efficient unit against the costs of ongoing maintenance and repairs. Depending on your needs, you might find that a more efficient water heater will pay for itself in savings over time.