The smaller models are better for smaller homes with just one or two people, while larger families need bigger water heaters to provide sufficient hot water for all of their daily showers and other needs. Amazon's Choice for 40 Gallon Electric Water Heater. On average, a water heater with an energy-efficient label costs 10%-20% more. Your selection of a water heater using gallon(s) per day will have a $ energy cost savings per water heater over an estimated 13 year life expectancy compared to the model. ... Rheem 40 Gallon Electric Water Heater Tall 6 Year 4500/4500 Watt Elements. The information in the table of the same section was also reorganized to present the data concisely. In general, replacing a water heater costs between $500 and $2,000 when replacing the same kind of heater. If you have a sealed-combustion unit, such as in a tiny home or trailer, it does not vent to the outdoors; all other types will vent outside and require sealing to prevent energy loss and inflated utility bills. Flat plate solar collectors collect more heat and are a good option for larger heating projects, such as heating swimming pools. With a power vent heater, there is a fan or blower that aids in the removal of the gases. The price difference between a 40-gallon hot water heater and a 30-gallon tank are negligible. How Much Does It Cost to Convert a Gas Water Heater to Electric? High-end models are priced at … On the plus side, they provide a large supply of hot water instantly, but on the downside, the tank needs to be refilled after emptying. They are not always the best option for those who use lots of water simultaneously, such as a shower, washing machine, and faucet all running at the same time. A.O. Cost to install a water heater varies greatly by region (and even by zip code). They initially quoted me $2,000 - which included replacing the wood floor in the utility closest and bringing all water, gas and venting connections up to code. This size has sufficient power to handle multiple showers and faucets running simultaneously, costing between $800 and $3,000. Smith. Single point systems tend to be more efficient because the water doesn’t have to travel as far before reaching its destination, giving it a smaller chance of heating unnecessary water and water losing its heat as it travels through long pipes. Updated the additional considerations and costs. Replacing and resealing the vents is commonly done by plumbers at a cost of $45-$150, per hour, and takes about one hour to fully install a single vent. Old Age - If your heater is 10+ years old, there is a good chance that it will not last much longer. for pricing and availability. There are a variety of vents that you can choose, depending on the configuration and type of heater you are using. i replaced a 75 gal. If you already have a water heater in place and need to replace it with a new one, the costs vary depending on what type of heater you have installed and whether you are replacing your current heater with one of the same type and size. Gas water heaters tend to be more expensive initially but can save you money in the long run because their running costs are usually lower. A water heater should be placed somewhere it won’t cause major damage if it leaks, such as a storage room or garage. 1. Depending on your selection, the average cost for water heater installation is between $1,000 to $3,000. Added a section on water heater expansion cost. How to Determine What Size Water Heater You Need. The section “Enhancement and improvement costs” was improved, adding one more subsection, and two more pieces of information were added to the “Additional considerations section” regarding reducers and power vents. The average price range is from $350 to $1,500. Tankless water heaters tend to cost between $200 and $1,200 as of 2011 and supply hot water with no delay, but they may not work well for large households. 4500-Watt Lifetime Residential Electric Water Heater It is likely that you may need to lay the heater on its side, but be careful. Tankless (or “instant” or “on-demand”) systems are often considered more energy-efficient because they only heat water when needed. Another thing to highlight about this model is its strong and lasting build. the new power vent water heater cost around 260.00 a year to run compared to the old basic GE one with cost around 400.00 a year to run. 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