Affordable Water Heater
If your water heater is starting to rust or it’s been leaking for a while, it’s probably time to start shopping for a new one. The good news is, it’s still affordable to replace your existing model with a similar unit that will save you money on energy costs for years to come.
If you’re replacing a standard tank-style water heater replacement, the average installation cost runs about $810 to $1,217. This includes labor and the cost of a new gas line, supply hoses, and electrical wiring. Additional charges may include permit fees, carpentry work, and a venting system. These charges can add up to about a 15% increase in overall cost.
Water heaters use up a lot of energy to heat and store hot water in large tanks, so they can run up your utility bills. However, upgrading to a more efficient model can help keep your bills low and even pay for itself with the savings you’ll make on energy costs. You can also find rebates and other incentives through the DSIRE database for high-efficiency models.
Affordable Water Heater Replacement
Many factors can affect the cost of water heater replacement, including the type and location of the unit, size and style of the tank, and fuel type. You should also consider your geographic location as it can impact energy prices and the temperature of the water when it enters the heater.
The brand of the water heater can also play a role in price. Some brands are more expensive than others, but it’s usually worth paying a little extra for a quality system. A warranty is another thing to consider, since it will protect your investment if something goes wrong with the product or installation.
A new expansion tank can add to your bill as well. These tanks provide space for the water that expands as it heats, reducing the risk of damage to pipes. The price of these tanks ranges from $40 to $350. If you’re changing the location of your water heater, or converting from one fuel source to another, these changes will add to the total cost. For example, adding a gas line can cost about $300, while electrical wiring will add an additional $550 or more.
You’ll also need to factor in the price of a new thermostat, which typically costs about $100. If you’re converting to a gas-powered water heater, you may also need to install a new flue or direct vent to remove the harmful gases that combustion produces. These costs can add up quickly. To save money on your water heater installation, look for a contractor that offers in-house or third-party financing. You can also ask about interest rates and payback periods during your initial consultation. This will help you plan and budget for the project more effectively.