“On average, the cost to replace a water heater is $1,200, including the price of the new unit and labor. At the low end, bargain hunters can get it done for as little as $815. High-end systems can cost up to $10,000 or more, depending on the water heater type, location of the installation and other variables that we’ll explore just ahead.
Tank-type water heaters have been the industry standard for more than a century. They store the hot water in 30 to 80-gallon tanks. This style represents more than 85 percent of all household water heaters in the United States. Tank-style hot water heater installations average between $650 and $2,100, including the new water heater, materials and labor. They run on electricity, gas, propane or fuel oil, and last 10 to 12 years.
In the past few decades, tankless water heaters have proven to be highly efficient. They provide an unlimited supply of hot water on demand by heating it as it flows through the waterline, rather than storing hot water and burning energy to keep it hot. Tankless water heaters run between $1,000 and $3,500 installed. They can be powered by gas, or electricity and often last longer than 20 years.”
Read more on water heater costs here.
When shopping for a new water heater you’ll also want to consider how many people will need hot water at the same time. For 1-2 people a 20 to 30-gallon tank should suffice. Families of 3 to 4 people would be best to get a 30 to 50-gallon tank. Of course, larger families of 5+ people should really get a water heater that holds 50 gallons or more. For tankless heaters, a similar metric is involved called gallons per minute.
At Apple Valley Eagan Appliance we offer installation and repair of various types of water heaters. Call us at 952-953-0080 or visit our water heaters page to learn more about this service.