Tankless water heaters have pros and cons and they have gained popularity as people strive to make their homes energy efficient. Installing a tank-style hot water heater averages between $650 and $2,100. Storage tank water heaters can cost around $500 to $800, but costs vary on the size of the tank. Both types of water heaters can use different fuel sources to run. Tankless water heaters typically come in a rectangular shape and can get installed in several areas. Storage tank water heaters are most common and homes and have a distinct tall, cylindrical shape. Installing water heaters requires the help of a plumber and in some instances, an electrician, if using an electric-powered water heater. Installation might require a new gas line or a space might need remodeling to accommodate a larger tank-style water heater. How Much Does Water Heater Installation And Replacement Cost?ĭifferent styles of water heaters have different installation costs because of how they’re powered. While we work hard to provide accurate and up to date information that we think you will find relevant, Forbes Home does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impact any of the editorial content on Forbes Home. Second, we also include links to advertisers’ offers in some of our articles these “affiliate links” may generate income for our site when you click on them. This site does not include all companies or products available within the market. The compensation we receive for those placements affects how and where advertisers’ offers appear on the site.
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