Regardless of whether you own a traditional or tankless water heater, there may come a time when you will need to replace your water heater. Water heaters are generally durable and reliable appliances, and most problems can be resolved with simple repairs or part replacements. However, after a few years or even a couple of decades, it’s normal to expect your water heater to require a full replacement. In this event, chances are you are wondering about how much it will cost to replace your water heater and how much you can expect to spend for a new water heater. Here are the factors that determine the price of replacing your water heater.
1. Type of Water Heating System
Naturally, the first factor that will determine your water heater replacement price is the type of water heating system that you are looking to install. For example, are you looking for a tankless water heater replacement or a traditional one with 40 to 50 gallons? Do you prefer a gas water heater that provides unlimited supply of hot water or would you rather install an electric one that furnishes hot water on demand? There are also many brands of water heaters to choose from, including Rinnai and Bradford White. As expected, some brands are more high-end and costly than others.
Water heatering systems can run from $300 up to $1000 or more, depending on the type, capacity and features you select. It’s essential that you devote plenty of time and research in selecting the right water heating system to replace your old one, since this will take up the largest chunk of your budget.
2. Replacement Supplies, Equipment and Delivery
Aside from the water heater system itself, replacement also requires other installation materials and equipment. These include mounting hardware, fittings, connectors and supplies that are needed to complete the replacement. The cost of the delivery of these materials from the service provider to the job site will also be added to the expenses. On average, you can expect to spend at least $40 for these materials and their delivery.
3. Worksite Preparation and Labor
The site of the water heater replacement will also need to be prepared prior to the installation and this procedure can also add to the cost of replacing your water heater. Finishes, surfaces and nearby appliances will need to be protected so that they are not damaged during the water heater installation.
Naturally, labor and mobilization are also included in the overall water heater replacement expenses. Labor costs are usually calculated on an hourly basis. On average, a 5-hour water heater replacement job can set you back as much as $275. Different service providers have different hourly rates and there are plenty of plumbing companies that offer discounts and promos that you can take advantage of.
4. Site Cleanup and Debris Removal
Once the job has been completed, the site will need to be cleaned. Cleanup will include disposal of your old water heater and removal of materials and debris left over from the replacement. This process typically costs around $30 but some companies offer lower rates.
Keep in mind that the estimates above are merely ballpark figures that can vary depending on the service provider that you hire for the job. The cost of replacing your water heater will be higher if you hire a general contractor to supervise the entire project. It should also be noted that the cost estimate above does not include other potential expenses, such as sales tax for the materials you need and permit or project fees that might be required by your local building department.
To ensure that you don’t end up with a shocking bill that’s way beyond your budget, always ask for a price quote before hiring a service provider.