You’ll spend about $600 to $800 a year to run one, although fuel prices fluctuate regionally throughout the year. Propane water heaters cost $500 to $2,500 on average, with labor and materials. If you have a continuous pilot light type or one that doesn’t require external electricity to light, it’ll work during a power outage. Natural gas water heaters are slightly faster at heating water in on-demand tankless types than electric but are only about 60% to 70% energy efficient for standard models. With natural gas prices nearly tripling recently, it’s impossible to tell how much it’ll cost to use one annually, but rates are quickly outpacing electricity rates. They last six to 15 years and have a slightly higher recovery rate than electric types. Natural gas water heaters cost $600 to $2,700 on average, including the unit, labor, and installation materials.
#INSTALLING A ELECTRIC HOT WATER HEATER INSTALL#
The following are the costs to install a gas or electrical line:Įlectrical line installation costs $500–$1,000 The prices in the table above do not include installation of utilities, and expect to pay for those on top of the cost of the unit, labor, and materials. However, they can range anywhere from $450 to $3,500, depending on the type. Most replacement electric and gas water heater units cost $550 to $1,500. Light-duty commercial types add $1,000 or more to the overall price but stand up to more constant use. Replacement hot water heaters cost $550 to $3,500 or more, including the unit and labor. On-demand, point-of-use tankless types cost as little as $300 installed but only heat water for one place, like a washer or a shower. However, technology is quickly improving to make this efficient style an excellent choice in almost any home. Tankless styles are great options in temperate climates. The cost of a tankless water heater installation is $1,200 to $3,500, including the unit. Tank-style heaters keep the water hot, so it’s ready when you need it. Tank Water HeatersĪ traditional tank-style water heater costs $1,000 to $1,500, while a high efficiency or hybrid style costs up to $2,500 with installation. If installing parallel or point-of-use units, add one hour extra for each. Conversions from tank to tankless take up to double this time. *This is the installation time for a replacement unit. Find hiring guides, material costs, expert advice, how-to's and more.