Water Heater Cost Calculator and Estimator
Water Heater Cost
Water heaters play a vital role in every household service. These units ensure that water runs hot throughout the home, allowing you to bathe, wash dishes, and do laundry with ease. The Home Depot offers traditional water heater tanks and modern tankless units, both powered by either gas or electricity. Depending on your selection, the average cost for water heater installation is between $1,300 to $3,500.
| Water Heater Type | Average Installation Cost | Average Annual Cost | Lifespan | Efficiency Factor (EF) |
|---|---|---|---|---|
| Tank | $930–$1,390 | $270 | 8–12 years | .58%–.60% |
| Tankless | $1,400–$3,900 | $195 | 15–20 years | .92%–.95% |
| Gas | $570 (+venting) | $280 | 8–12 years | .58%–.60% |
| Electric | $750 (+venting) | $520 | 8–12 years | .92%–.95% |
| Solar | $2,300–$3,400 | $195 | 20 years | 1.0%–1.1% |
| Indirect | $1,800 | $375 | 15–20 years | .59%–.90% |
| Hybrid Heat Pump | $1,600–$3,800 | $280 | 8–12 years | 2.0% |
Gas vs. Electric Water Heater Costs
Gas and electrical models are available for both tankless and tank water heaters, each providing homeowners with unique pros and cons.
When purchasing one of these water heaters, you also decide between power venting and direct venting. Power venting uses a fan to push exhaust air out of your home. This option adds around $350–$650 to the water heater’s price. In addition to this, you will also have an additional $350–$550 for more wiring and electrical work. Direct venting, which brings combustion air from outside and exhausts directly outside your home, adds around $550–$1,300 to your unit.
Process To Get Water Heater Installation Cost Estimate Report
Here I am going to share some steps to get your water heater installation cost estimate report.
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