Can I Install A Replacement Water Heater Myself
You could, but we wouldnt recommend it. Gas water heaters need to be properly vented and the gas line needs to be hooked up correctly. One mistake could lead to a dangerous situation. If you are converting from an electric water heater to a gas you will need to install a vent and a gas line will need to be run.
Water heater installation is not a do-it-yourself job leave it to the professionals at Jacobs Heating & Air Conditioning who will do the job quickly, efficiently, and up to code. A Jacobs consultant will discuss with you the three main factors to determine which water heater will work best for your home and family.
- Space available for the new water heater
- Household water needs
Can I Write Off The Costs
Yes! You can write off around 30% of the cost of your hot water heater on your taxes. Let your tax preparer know when you had your water heater replaced and how much it cost, sending them the receipt for it.
This is a great incentive to go for that solar-powered hot water heater or to make sure you get it replaced before the end of the year. Check your other home improvements to see if they qualify as a deduction.
What Rebates Can I Get
There are two separate rebate programs, according to the NRDC.
- The HOMES Rebate Program: This provides more than $4 billion to states to help residents make their entire home more energy-efficient. The program provides rebates based on the energy savings their upgraded home will achieve. For instance, homeowners that make changes that cut their energy usage by at least 35% can get up to $4,000 in rebates. That amount is doubled for low- and middle-income households, who can get up to $8,000 in rebates.
- High-Efficiency Electric Home Rebate Act : This provides rebates for low- and middle-income families to electrify their homes, such as by installing heat pumps or electric clothes dryers. The per household rebate is capped at $14,000, and households can’t receive two rebates for the same upgrade. For instance, if they claim a HOMES Rebate program for a heat pump, they can’t also get a rebate through the HEEHRA.
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Is It Better To Fix Or Replace A Water Heater
Before we get into the cost of water heater replacement, lets first discuss whether it is better to fix or replace your water heater. In most cases, it is more cost-effective to simply replace the water heater rather than trying to repair it. This is because water heaters are not designed to be repaired they are built to last for a specific amount of time and then be replaced. Most water heaters have a lifespan of about 8 to 12 years, so if yours is around this age, it is probably time for a replacement.
Of course, there are always exceptions to the rule. If your water heater is relatively new and you have not been having any problems with it, then it may make more sense to try and repair it rather than replace it. However, if your water heater is older or has been having issues, then replacing it is probably the best option.
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What Are The Top Tankless Water Heater Brands
Youll want to ensure you choose a plumber who will recommend and install a reliable brand of tankless unit. Carters My Plumber typically endorses the Bradford White brand, but you may also have good luck with Rheem, EcoSmart, Bosch, or Rinnai.
Why Bradford White?
We like Bradford White because of the quality of their products. These tankless heaters lead the field in terms of overall durability, and we believe that homeowners who choose Bradford White will get a lot of good years out of their unit before they ever need to do any repairs.
Alternatives to Bradford White
Though Rheem does not boast quite the same durability as Bradford White, its comparable in many respects, and certainly offers a solid, cost-effective product. EcoSmarts self-modulating units are a good pick for homeowners who place a special premium on energy conservation. Bosch and Rinnai are solid alternatives as well, though again, Bradford White is going to be our top recommendation for more homeowners.
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How Do You Know If Your Water Heater Is Going Out
Different brands, models, and situations will impart different signs that your water heater is failing. But, in most cases, youll know you need a new water heater when:
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Water is rusty or discolored, or theres a strange metallic taste
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Water isnt heating up enough or at all
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Loud pops and cracks
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It leaksget it replaced immediately
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Its 10 years old or older.
How Much Does A Tankless Water Heater Cost In 2022
Considering making the switch to a tankless water heater? Here, well discuss the average tankless water heater cost.
Tankless water heaters cost $250 to upwards of $5,000, depending on the type of heater, your local cost of living, the unit size, the brand, and the units energy efficiency.
In this guide, weve broken down:
- The cost of various types of tankless water heaters
- The cost to install a tankless water heater
- The annual maintenance costs of a tankless water heater
- The cost of a tankless vs traditional water heater
- The pros and cons of tankless water heating units
By the end, youll have the knowledge to confidently decide whether or not a tankless water heater is worth the investment based on your circumstances.
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Electric Tankless Water Heater Installation Cost
Electric tankless water heater installation costs $600 to $2,500 total on average. Electric systems don’t require venting and are easier to repair and less expensive to install than gas units. However, they have higher annual operating costs of $300 to $540 and aren’t eligible for federal tax credits.
Water Heater Price Ranges By Type
- Tankless, externally mounted: $4,211.67 to $4,703.04
- Tankless, internally mounted: $3,743,85 to $4,404.52
- Electric water heater: $928.20 to $1,327.86
- Natural gas water heater: $1,020.05 to $1,939.82
- Natural gas, direct vent: $1,488.57 to $2,968.66
- Natural gas, power vent: $2,888.14 to $3,663.53
- Propane water heater: $1,208.99 to $2,046.75
- Propane, direct vent: $2,147.49 to $3,055.08
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Why Do Water Heaters Need To Be Installed Or Replaced
Some homes dont have a water heater installed and instead rely on the boiler for all of the hot water needs. This is very inefficient and typically results in a lack of hot water during showers and washing as the boiler struggles to keep up with demand.
If you dont have a water heater, its an excellent time to get one installed to make your home more efficient and comfortable.
As far as replacement of an existing water heater goes, youll have to look out for signs of equipment breakdown. There are many parts on and inside your tank that can degrade over time.
Corrosion of the metal surfaces inside the tank is one of the most severe problems. The inner wall is coated with a thin layer of glass to protect the insulated metal from corrosive materials in the water.
However, the glass shield doesnt cover all metal surfaces and can crack with age, exposing more of the tank wall to corrosion. Your anode rod works to limit deterioration, but eventually, the metal walls will rust and break down.
The thermostat in the water heater needs to be very sensitive to function correctly, and it can easily lose its accuracy over time. This commonly leads to lukewarm water coming from your fixtures or frequent purging from the temperature and pressure valve.
Finally, an old water heater is naturally less efficient and more likely to leak. The lifespan of a water heater is around ten years, so you should consider replacing your old unit if it has been in use for this long.
Tank Vs Tankless Water Heaters
Whats the difference between a tank and a tankless water heater?
One of the most critical factors impacting water heater installation cost is whether the water heater has a tank or is tankless. Tankless water heaters are generally more expensive than water heaters with a tank. While tankless water heaters are more expensive, their benefits may outweigh the added cost for some homeowners.
Tank water heaters cost between $1,590 and $2,300, with the average cost being $1,900. They heat water in a large tank and then distribute the hot water throughout your home. Because the size of their tank restricts the amount of hot water, homeowners can run out of hot water before it replenishes. You’ll also need ample space to store a tank water heater.
The Energy Guide label on the water heater will tell you its first hour rating. / Source: Federal Register
When selecting a tank water heater, a vital factor to consider is its First Hour Rating . The FHR indicates how much hot water the water heater can produce in an hour. The higher the FHR, the more expensive the water heater will be because its the minimum amount of water a tank water heater should be able to hold at any given time to ensure theres enough hot water for all of your household activities.
You can calculate your FHR using this chart:
Calculate your households peak hour demand and FHR with this chart. / Source: Department of Energy
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Electric Water Heater Cost
The cost of an electric water heater is between $350 and $2,500. Heaters are usually powered by either gas or electricity. Electric heaters are typically cheaper than gas heaters. They require less maintenance and are often more eco-friendly but not quite as efficient overall. Also, the installation can be more complicated. Your costs vary depending on the type and size.
Signs You Need A New Water Heater
Many water heaters are designed to last for 10 years or more, but they can break down and eventually need to be replaced as time goes by. Rather than dealing with a sudden breakage, it makes sense to monitor your unit for warning signs that it might be close to the end of its life. Here are common signs to look for:
- Rusty water – If your water begins to have a rusty or strange color, that is a sign that the heater is suffering corrosion.
- Strange taste – If the water has an odd metallic taste, this may also be a sign of corrosion inside the heater.
- Cold water – If your water is not heating or seems to be less warm than usual, it is likely your heaters heating element may be broken or in the process of breaking down.
- Strange noises – Any popping or cracking sounds from the heater could signify the heating element is breaking down.
- Leaks – Leaks from the heater are a serious concern and may represent a major internal failure. If you notice any leaks, shut down the power to the system, and call in a professional.
- Old age – If your heater is 10+ years old, there is a good chance that it will not last much longer. Start thinking about a replacement.
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Is A Tankless Water Heater Worth Having
Given the cost of a tankless water heater, its natural for you to wonder if the investment is really worth it.
First, consider that installing a traditional tank water heater will probably cost somewhere between $1,200 and $2,400. So, compared with an electric water heater, theyre not any cheaper.
Now, getting a gas-powered electric water heater may cost quite a bit more on the front end. And, it would be disingenuous to say that the energy efficiency of the tankless unit means it will pay for itself. However, we will note that tankless heaters should offer energy savings every month, and over time those savings will add up. Also keep in mind that tankless water heaters are going to last you longer and may even be less expensive to repair. As such, the lifetime value of the tankless water heater may make it a better option.
What Are The Signs Your Hot Water Heater Is Going Out
Most consumers wait to replace their water heater until the time that it completely fails. You can prevent this stress by scheduling an inspection or replacement when any of these symptoms arise.
- The water heater is at or near the end of its average lifespan
- Hot water runs out quickly
- Your shower temperature is inconsistent
- Water is leaking from the tank
- Discolored water comes from the faucets
- Water pressure has decreased
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Benefits Of Professional Installation
It is essential to mention that hot water heater installation and repair is not a DIY project. It requires specific skills and experience to complete successfully and is a job left best to the professionals. According to Putman & Sons Plumbing, here are some of the benefits of leaving this project to the pros.
Proper installation
When certified professionals do the installation on your behalf, you can rest assured that the installation is done correctly. You don’t want to have to deal with unnecessary repairs and water damage that might result if the water heater is improperly installed. In extreme cases, you might end up having to replace the whole unit if things weren’t executed correctly right from the jump.
Save yourself time and stress
If ever your water heater breaks down, you will not want to have to deal with the problem and go without hot water any longer than you have to. Professionals have the skills and expertise to diagnose and fix the problem in the shortest time possible. Regardless of the type of water heater, installation should be completed the same day.
Water Heater Replacement Cost Factors
Water heater replacement costs $530 to $2,800 for a tank water heater or $650 to $4,600 for a tankless water heater, including the unit plus labor costs. Prices depend on the water heater’s size, fuel source, and any plumbing, electrical, or carpentry modifications required.
| Converting fuel source | $200 $2,000 |
$300
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Cost Of Labor For Installing Electric Water Heater
The cost of installing an electric water heater is between $270 to $1,000, and it depends on the type of heater and its location. However, the total costs are from $470 to $4,500. One advantage of electric water heaters is that theyre already connected to the electrical system in your home.
But its cheaper if you already have make-do wiring close to the installation area. The type of heater and its location also impact installation costs which generally affect the cost to replace a water heater.
Cost Of Direct Vent Water Heater Installation
A direct vent water heater installation will cost about $350 to $4,000. Direct vent water heaters cost lesser than a power vent water heater, and theyre easier to install. A direct vent heater has many parts that need to be moved, so it doesnt require many repairs or replacements as time passes.
Gas water heaters work properly with direct vents. So a direct vent will function better if you place it close to an exit. It means that the gas will not need a long travel time to get out of the chimney.
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What Types Of Upgrades Are Covered
The HOMES Rebate program would cover upgrades, from solar panels to new windows, that help your home become more energy-efficient.
The HEEHRA program designates rebates for specific appliance purchases and other upgrades. One of the most appealing rebates is a provision offering up to $8,000 for heat pumps, which despite their name provide both air conditioning as well as heating.
When it comes to energy consumption, these devices are often better alternatives to furnaces because they rely on electricity rather than gas or oil to warm a home. Compared with electric resistance heating like baseboard heaters, they can reduce electricity use by about 50%, according to the Department of Energy.
Ranging from $4,000 to more than $7,000 each, heat pumps can cost a pretty penny. The two rebate programs may help offset part or even all of the cost of these devices for many consumers.
Here are the caps on rebates for other upgrades made via the HEEHRA program:
- $1,750 for a heat pump water heater
- $8,000 for a heat pump for space heating and cooling
- $840 for electric stoves, cooktops, ranges, ovens and electric heat pump clothes dryers
- $4,000 for an electric load service center upgrade
- $1,600 for insulation, air sealing and ventilation
- $2,500 for electric wiring
Tankless Water Heater Cons And Downside
Tankless water heaters are more expensive to install at $800 to $3,500, while tank water heater installation costs$600 to $1,800. Tankless units require vent and gas line modifications and may not provide enough hot water if multiple fixtures use hot water simultaneously.
Tankless owners may experience a “cold water sandwich,” an initial rush of hot water followed by a brief burst of cold water before the hot water flow resumes.
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Summary: Key Considerations For Your Tankless System
As we conclude this article, it may be helpful to offer a quick summary of our conclusions:
- Investing in a tankless system is going to come with a steeper installation cost than what you would associate with tank water heaters.
- However, due to the improved energy efficiency and longevity of tankless water systems, they may represent the superior value overall.
- Before investing in a tankless unit, youll need to do plenty of research to understand different options for fuel type, ventilation type, and more.
- As for the typical installation cost, you can anticipate $2,500 for an electric model and $3,200 for gas models.
- However, a number of factors can impact installation cost, including fuel type but also the size of the system, and the complexity of installation.
- One final decision is regarding the plumber you select, which can also have a big impact on installation cost, as well as on the quality of workmanship.
If you are ready to have a new hot water heater installed, or if you have any questions about your current one, we invite you to contact Carters My Plumber. Our team of experts has ample expertise with water heaters, including gas models, and would love to help at any time.
Carters My Plumber is a 3rd Generation, family-owned Plumbing business started in 1969 by Grandpa Bob. Son, Jamie and Grandson, Kelson now run the family business.
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