Depending on your selection, the average cost for water heater installation is between $1,000 to $3,000.
Correspondingly, are tankless water heaters cheaper?
Tankless water heaters have a higher purchase cost than a traditional storage tank. The cost of a tankless water heater can range anywhere from $2,000-$4,500 compared to a storage tank water heater which ranges from about $500-$800.
Subsequently, how many years does a water heater last? It would be nice to know when the time is right to replace your water before it springs a leak and causes an inconvenience or worse yet, damage to your home. Typically a residential hot water heater lasts between 6 and 13 years. Beyond 12 years, you are on borrowed time!
Herein, how much does it cost to replace a 40 gallon gas water heater?
The average cost to replace a 40-gallon water heater is between $500 and $2,000. This includes the cost of the new water heater and installation. Most companies remove the old water heater at no additional cost if you purchase the new one from them.
How much does it cost to replace a 50 gallon water heater?
Tank Size or Tankless Water Heating Capacity
| Number Of People | Tank Price | Tankless Price |
|---|---|---|
| 1 to 2 people | 20 to 30 gallon tank, $270 to $900 | 2 to 3 gpm tankless, $250 to $600 |
| 3 to 4 people | 30 to 50 gallon tank, $320 to $2,200 | 3 to 5 gpm tankless, $400 to $700 |
| 5 or more | 50-plus gallon tank, $400 to $3,000 | 6+ gpm tankless, $500 to $900 |
What is the life expectancy of a water heater?
8 to 12 years