When the time comes water heater replacement, homeowners generally pay hundreds or even thousands of dollars. Typically, the purchase price includes installation of a traditional storage tank water heater. However, estimating the exact costs remains difficult because of the various makes and models. Plus, installation costs vary by individual project. Also, remember that Energy Star models save homeowners up to 20% in energy costs. So, while these units cost more upfront, they reduce your home energy costs over time!
Generally, tankless, solar, and heat pump water heaters often cost more (for purchase and installation). However, they commonly produce larger energy savings than traditional storage tank water heaters. Additionally, the installation process for a tankless water heater often requires a full eight to ten hours. Conversely, installing a traditional storage water heater generally takes only two to three hours.
Also, replacement costs increase for a variety of reasons, such as:
- upgrading your water heater mount or size.
- changing the type of venting system or drain pan underneath the heater.
- upgrading supply pipes.
As many homeowners know, plumbing costs vary by location and experience. Frequently, professional plumbers who charge the least may not actually be the best choice. Consider warranties, work guarantees, emergency service availability, installer credentials and qualifications, and customer reviews before making your final decision.
Making the right choice to repair or replace your water heater can be difficult. Yet, replacing a water heater nearing the end of its life remains a wise decision. After all, you want your family to enjoy hot water all year long. Finally, when making the decision for water heater repair or replacement, consider contacting plumbing professionals that understand:
- household water needs.
- water heater components.
- repair and installation requirements.
- relevant regulations.