Installing a water heater costs between $829 and $1,642, or an average of $1,232, including the unit and labor. Tankless heaters cost about $1,000 to $3,000. Water heater prices range from $300 to $2,000 or more for the unit alone while plumber labor runs $45 to $150 per hour.
Tank water heaters will last an average of 8 to 12 years, while tankless water heaters can last even longer, up to 20 years. There are also electric and gas water heaters that will vary in lifespan, but in general gas ones last 8-12 years, while an electric heater could last upwards of 10-15 years.
Beside above, how long do residential hot water heaters last?
about eight to 12 years
In respect to this, how much does an electric 40 gallon water heater cost?
A 40-gallon water heater effectively meets the needs of a home with two people, and it costs around $320 to $1,600. For homes with five people or more, you may need to consider a 75-gallon (average price of $900 to $3,000) or an 80-gallon (average price of $1,000 to $3,200) water heater.
Is 40 gallon water heater enough for a family of 4?
Typically, the rule-of-thumb is that you want a 40 gallon tank for 1 to 4 people, a 50 gallon tank for 4 to 6 people, and a 50 gallon high recovery or 75 gallon tank for 6 to 8 people.
Determining how much hot water your water heater should provide per shower depends largely on the size of your hot water tank. For instance, a typical shower uses about 10 gallons of hot water. So, if you have a 40-gallon hot water tank, you should be able to get four average-length showers out of your hot water tank.
For a four-person family, a 50-gallon water heater is sufficient. 50-gallons is good if you’re using electricity, and 40 gallons will work for natural gas or propane. Families with more than five persons may benefit from an 80-gallon electric water heater or 50-gallon gas water heater.
Anyway, you should consider replacing your water heater if it’s about 6-12+ years old and when you start running out of hot water faster. However, age and lack of hot water aren’t everything. You could have a 15-year-old water heater that works just fine and wouldn’t need replacing.
Cons. Up-front costs – A typical tankless water heater can costs three to four times more than a storage-type water heater; you’ll also pay more to install it, especially if you’re replacing a storage water heater.
According to Energy.gov, “For homes that use 41 gallons or less of hot water daily, demand (or tankless) water heaters can be 24% to 34% more energy efficient than conventional storage tank water heaters.” Tankless water heaters (if gas-fired) will save homeowners over $100 annually the longer they remain in service.