In any season of the year, the use of a water heater has become an integral part of every home. Hot water on demand is the concept where you get hot water whenever you required it. We use it for many different purposes, and we normally start our day by taking a shower with warm water.
However, no matter the quality of a water heater, there comes a time when you need to replace it with a new one or may need to replace some parts of it. Whatsoever, it cost you a lot, but seeing the importance and use of it, replacement becomes necessary in order to get the most out of it.
It might be a new thing for you and it may make you hesitate to spend your money on replacing a water heater. But then again, considering the role it plays in our lives and how comfortable it makes us do a number of tasks, here in this article, we are going to see what is the average price to replace a water heater and what other factors are there that affects the price when replacing it.
Before we talk about the factors which affect the overall price, it should be in your mind that the average price range to replace a water heater can vary from $800 to $2000.
With this average price range, the highest it can go for replacement is around $10,000, and the minimum it can cost you is around $300. It can be breakdown depending on the type of work required and the number of components that need to be replaced.
Let us first see a few factors which help in determining the price to replace a water heater.
Factors Affecting the Average Price to Replace a Water Heater
No matter what we do or what we purchase, we try our best not to cross the budget limit, and when it comes to replacing a water heater, the cost can increase significantly based on the work required. Want to find out how? Continue reading the article below.
Cost of Unit
When I say unit, it means a water heater itself. If you are going to replace it with a new one, it is surely going to cost you because you are now getting a brand-new one, and you will not get that at the same price you got a few years back. However, the unit price also depends on the type of water heater; you will see more about it below.
Power Source
The average price to replace a water heater also depends on the type you are going to install because each comes with different features and specs. Therefore, the cost varies a lot.
Gas water heaters are the most common and less expensive as compared to other types. It requires regular natural gas, propane, or any other related fuel to operate. The fuel price is relatively less but the use is not eco-friendly.
An electric water heater is another type and is used in most places. Although it requires less maintenance, the cost depends on the rate of electricity in your particular area. Similarly, the installation is quite difficult as compared to a gas water heater and is also less efficient.
The third common type is solar-powered water heaters. Although they consume renewable energy, the one-time price for the installation is much higher than electric and gas water heaters.
Type of Water Heater
A water heater is made differently to cater to the need of all, and you will see the different types of it.
The tank water heater is the easiest to install. Its average price can vary from $300 to $1,500. It is also the oldest type of water being used all around the world, yet still highly efficient. As the name indicates, it comes with a storage tank that stores water in advance.
Then comes the tankless water heaters, which heats the water as you need and use it. It makes it energy efficient, easy to install, and, as it does not have a storage tank, consumes less space. However, they are a bit more costly than the tank water heater.
Innovation and technology have evolved this sector as well, and now we have hybrid water heaters, which are highly efficient as compared to other types and also consume less power and energy. But you will find it more costly than the conventional type of heaters. The average price can vary from $1,000 to $2,500.
Installation Material
As we know, there are many other things required to fit in one water heater. When you need to replace it, you may need to purchase some main components or parts of a heater which might raise the average price. Keep in mind that the replacement parts or the installation material can be expensive depending on the type and quality of the material you are going to get.
Labor Charges
Replacing a water heater is not a DIY thing, and you need to hire skilled labor for this task. Based on the time and effort it takes to replace a water heater, the amount can vary and thus affects the overall price.
Positioning of Related Parts
The overall plumbing situation determines the amount and time of work required to put in the replacement of the water heater. The positioning of inlet and outlet pipes and other adjoining parts, and if you want to install the water heater at a completely new place, all matters in determining the price.
Conclusion
As the article highlights the average price to replace a water heater, you can see that it depends on various factors. By reading this article, you will be able to properly analyze the situation and can suggest an estimated cost to replace a water heater as per the conditions.
Other than the points mentioned, there is one more thing that plays a significant role when it comes to the price, and that is the size of the water heater. The bigger the size, the more costly it will be.
Other than that, this article provides enough information to know what is the average price to replace this needed home tool.