New water heater tank and installation costs.
Average price to replace gas hot water heater.
Basic tank water heater.
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.
According to our hot water heater installation price guide the cost to replace a hot water heater is 850.
These units are a lower upfront investment than tankless water heaters but operation and maintenance costs are typically higher.
Gas or electric the cost of water heated by electric is 100 per year more than gas.
Electric water heater cost.
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.
This estimate includes the following components.
A typical 1 heater project costs 1 260.
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.
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The national average cost to replace a hot water heater is 611 96 per heater with a range between 576 18 to 647 75.
Plus a gas heater costs less initially.
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.
While the gas heater is 250 1 200.
An average water heater tank lasts about 10 years.
1 500 nationwide costs generally fall within the range of 1 300 to 2 000.
The 40 50 gallon water heater with a tank is about 350 3 000.