What is the average hot water heater replacement cost?

If you’re thinking about buying a hot water heater replacement, your task might be a bit more complicated than you think. Prices for new units range from a few hundred to a few thousand dollars. When you begin your search, you’ll find a variety of models, options, and prices.

Is it time for a hot water heater replacement?

If you’re like most homeowners, you’ll purchase a hot water heater replacement only when necessary. If your family is growing, you might require greater hot water capacity. If you’ve had your water heater for 10 to 12 years, it’s probably past time to consider a new unit.

If you don’t know your water heater’s age, it will tell you when it’s time for a replacement.

• Water not hot enough
• No hot water at all
• It makes odd noises
• It leaks
• Water isn’t clear

The average cost

Home Advisor estimates an $835 average cost for a 40 to 50-gallon hot water heater replacement in New London County. The cost increases to $1068 for a high-end unit. Both estimates include installation. Your cost will depend on which factors are important to your family.

• Tank capacity- How many people in your family?
• High efficiency- Is energy savings a critical goal?
• Size- How much room do you have for a hot water heater replacement?
• Fuel- Gas or electricity?
• Tank or tankless- Tankless units heat water on demand while tank heaters store hot water until you use it.

As you’re calculating your costs, be sure to review the average annual energy costs for the unit you prefer. Energy costs will be an expense factor throughout your heater’s functional life.

Energy rebates and savings

Energize Connecticut offers incentives up to $300 for homeowners who choose an energy-saving gas hot water heater replacement. The program serves CNG, SCG or Eversource customers in Connecticut. The unit you choose must be Energy Star certified.

• Tankless heaters must have a .94 or greater energy factor (EF).
• Storage water heaters must have a thermal efficiency of .95 or greater.

Contact Q’s Plumbing and Heating

Our skilled plumbers can tell you all you need to know about hot water heater replacement or repair. Give us a call at 869.501.6006 or complete our contact form. Let us know if you have a heating or plumbing emergency that requires our immediate attention.