There are different types of water heaters available in the market and the installation cost may vary depending on the type you choose. Below are the different types of water heaters and their average prices to help you make the best decision for your home.
Tank water heaters are the traditional option because they store a supply of water and heat it constantly. Tank water heaters are typically easier to install than tankless water heaters, which means they are also typically less expensive. Storage water heaters can cost around $600 to $800, but the cost varies depending on the size of the tank. Installing a tank style water heater costs between $900 and $2,500 on average.
Tankless water heaters heat water as needed, eliminating the need for a storage tank. These devices are typically more energy efficient but may require additional installation considerations. Tankless water heaters can vary in price $600 to $1,500. Installing a tankless water heater costs between $1,000 and $3,500.
Gas water heaters use natural gas or propane to heat the water. The installation cost for a gas water heater can vary between $500 to $2,500. Installation costs depend on the tank size and any additional work required. However, keep in mind that while gas models are less expensive to operate, you will need an existing natural gas line to use them.
Electric water heaters use electricity to heat the water. Installation starts at the same price as gas water heaters; out of $500. However, they can be more expensive, with higher-end electric options costing up to $500 $3,500. Keep in mind that the monthly costs for electric and gas heaters are different – electric models tend to be more expensive than their gas counterparts.
Direct vent water heaters bring combustion air from outside and exhaust gases directly from your home. Installing a vent pipe when switching from a direct vent tank style electric water heater to a direct vent gas model typically costs between $500 And $1,000.
Electric vent water heaters use a fan or blower to exhaust combustion gases from the unit. Electric vent water heaters are suitable for situations where a traditional chimney or natural draft vent is not available or practical. Installation costs for an electric vent water heater can vary depending on the vent setup and additional electrical requirements. Expect to pay between $500 and $1,000 for installing ventilation pipes.