How Much Does It Cost To Heat A 40-Gallon Water Heater

2022 Cost to Replace a 40-Gallon Water Heater

Hot water heaters are an absolutely necessary component of any household. They are available in a variety of styles, techniques, and sizes to suit any residence, fuel type, or water requirement. With 3 to 4 persons in your home, a 40-gallon tank heater will be suitable for your water heating needs if your family has low-to-moderate water requirements. You want to be as near to your family’s demands as possible when installing tank-style heaters because they must keep water heated until it is needed.

The cost to install a 40-gallon tank water heater ranges from $750 to $2,000 on a national average basis, with the majority of consumers paying about $1,000 for a 40-gallon gas tank water heater that is a straight replacement for an existing type.

An expensive 40-gallon high-efficiency gas tank water heater needing adjustments in a difficult-to-reach place will set you back $3,000, according to the estimate.

40-Gallon Water Heater Cost Calculator

Water heaters with a capacity of 40 gallons can cover the hot water requirements of families with three to four persons and low-to-moderate hot water requirements. This unit size can be powered by an electric motor or by gas/propane. The latter is available in a variety of efficiencies, making them more expensive up front but less expensive to operate over time. These considerations, as well as the project’s location, whether it is ready for installation, and tank insulation, all have an influence on the ultimate cost.

40-Gallon Water Heater CostsZip CodeGallons
Basic Standard Best Quality
40-Gallon Water Heater Cost (Material Only) $300 – $500 $500 – $900 $1,000 – $1,500
40-Gallon Water Heater Installation Cost (Labor Only) $270 – $350 $400 – $600 $600 – $1,500
Total Costs $570 – $850 $900 – $1,500 $1,600 – $3,000
40-Gallon Water Heater Cost per Gallon $14.25 – $21.25 $22.50 – $37.50 $40.00 – $75.00

When it comes to purchasing and installing a hot water heater, electric models are the least expensive option. Long-term operation, on the other hand, is typically more expensive. Water heaters powered by natural gas or propane1 are more expensive to acquire, set up, and install, but they have reduced running expenses. Gas and propane heaters are also available in a variety of efficiency levels, allowing you to save even more money in the long run. The least expensive electric heater will be one that is put in an area that has already been wired.

The most expensive versions are high-efficiency types put in regions that require modifications to make them fit properly.

Additional Considerations and Costs

  • Manufacturers of repute. There are a plethora of hot water heater manufacturers to choose from. Bosch, Reliant, Rheem, and Bradford White are just a few of the most well-known names in the industry.
  • Lifespan. Water heaters should have a minimum lifespan of 10 to 15 years, while some may survive even longer than that. Maintenance. Water heater maintenance includes draining the tank on a regular basis to remove any sediment that may have accumulated on the bottom, as well as regular checks to ensure that it continues to operate as it should. Mounting. Tanks for 40-gallon hot water are large enough to be installed largely on the floor. It is uncommon to come across one of this size that can be wall-mounted
  • Piping. If you want more plumbing to connect the unit to the water supply, you may anticipate to pay $8 to $10 per linear foot of additional piping. Permit. In most regions, you do not need a permission to install a hot water heater, although this varies depending on where you live. If you are unsure whether a permission is necessary, always check with your local municipality

FAQs

The cost of the device itself ranges from $300 to $1,500 on average. The typical cost of installation is between $750 and $2,000.

  • Is a 40-gallon water heater sufficient for a household of four people?

If your water consumption is little to moderate, then sure. If you have a high-performance shower or if you have a lot of water usage, you should consider upgrading.

  • A 40-gallon water heater has a life lifetime of around 15 years.

The majority of heaters have a lifespan of 10 to 15 years, with some lasting much longer.

  • When using a 40-gallon water heater, how many showers can you take at a time?

This is dependent on a number of things. Taking a shower with only one head consumes around 2 liters of water per minute on average. Considering that you will very certainly be mixing some cold water into your hot water, you may expect to take a single 40-minute shower, or perhaps two 20-minute showers, or four 10-minute showers before you run out of hot water.

Remodeling Terms Cheat Sheet

Definitions in layman’s words, cost considerations, illustrations, and other information you should be aware of. See the whole cheat sheet. 1Propane is a hydrocarbon gas that is commonly employed as a fuel source.

How much does it cost to run water heater/

4 ways to cut energy cost: Use less hot water, use renewable energy, use cheap and simple DIY products, avoid complex non-DIY products (heat pumps)Avoid promotional literature that promises amazing savings (tankless)ResourcesThings to increase amount of hot water9 ways to save with water heaterNumbers on this page DO NOT consider maintenance and repair and other factors Numbers do not consider cost of parts, risk of power surge, ease of installation, inconvenience of installation, integration with other sources of energy (solar), ease of maintenance, vulnerability to hard water and water conditions.1) For example ordinary electric water heater: simple to install, cheap easy DIY repair using generic parts, service manuals available, can be integrated with timers and solar and geothermal, can be integrated with DC power, can run on any voltage, can be connected to single-phase or 3-phase, can be installed anywhere inside structure including under sink or small closet, can store heat, does not suck air into home, can be easily metered to determine exact cost, no electronics, can be repaired after strong surge, can be fully insulated with a blanket, pipes can be insulated right down to tank, personal belongings can be set against tank, can be maintained to last almost forever, can be exposed hard water and restore full efficiency afterward, can be connected to PV solar or passive solar, can be wired many different ways to meet peak electric pricing, electricity is manufactured at power plant where carbon abatement is localized instead of at each home2) Contrast with electric heat pump. Differences. Heat pump is large and heavy, makes noise, cannot be repaired DIY, no service manuals, fewer generic parts, must be installed in 10’x10′ room and spaces 7″ away from wall, requires clean incoming air supply, can affect heat-cooling bill, filter cleaning yearly, requires condensate drain, electronics vulnerable to surge, must be continually connected to power source, using timer can reset water heater to default, must be connected to clean stable 240 Volt, cannot be integrated with other sources of electric power such as 120 volt or 277 volt etc, might be repairable after power surge, strong power surge will destroy many parts, cannot be fully insulated, can NOT be maintained to last forever. All Costs are energy Total energy-cost equals purchase-price of water heater, plus installation, plus expected maintenance, repairs-and-parts, plus water softener-and-filter, plus disposal-recycling cost, divided by years of tank life. These numbers are added to monthly energy consumption to measure true cost of a water heater.Industry promotional brochures usually consider only energy cost per gallon of heated water for brand new tank under ideal conditions. And do not consider drop in efficiency over time, or peripheral costs listed above.

Electric Hot Water Heater Cost Per Month

It is estimated that your water heater is the second highest consumer of energy in your house, accounting for around 17 percent of overall energy consumption, according to the Department of Energy. With this in mind, it is good to be aware of how much energy your electric hot water heater consumes and how much it costs you on a monthly basis. You will be able to make the most efficient use of your water heater and lower your power cost if you have this knowledge.

Are electric water heaters expensive to run?

It is estimated that your water heater is the second highest user of energy in your house, accounting for around 17 percent of overall energy consumption. With this in mind, it’s a good idea to be aware of how much energy your electric hot water heater consumes and how much it costs you each month in energy bills. Knowing how to operate your water heater efficiently can allow you to lower the amount of money you spend on electricity each month on utilities.

  • The age of the unit, the size of the unit, the kind of electric water heater, the temperature setting, and the amount of water consumed each day are all important considerations.

It is particularly crucial to consider the sort of electric heater you choose when it comes to operating costs. An overview of the many alternatives for electric hot water heating systems is provided below.

Storage Water Heaters

Storage heaters are often the least expensive option when it comes to the cost of the system itself, as well as having relatively low operational expenses compared to other options. There is an issue with this method in that heat energy is lost when the tank attempts to keep the water hot even when it isn’t being utilized, resulting in you being charged for energy that isn’t being used. If you are considering this option, you should search for a model that is well-insulated to avoid this from happening.

Tankless Water Heaters

However, according to the Department of Energy, tankless water heaters are between 8 percent and 34 percent more energy efficient than storage water heaters, depending on how much water is being utilized. This implies that upgrading to this type of water heater might result in savings of up to $100 or more each year. The disadvantage is that, depending on the type and the electrics in your house, the initial purchase and installation expenses may not be worth it in terms of energy savings until a long time after you have purchased and installed the system.

Heat Pump Heating Systems

In comparison to storage heaters, heat pump systems are two to three times more energy efficient, resulting in lower running costs. Models that are Energy Star certified might save you up to $300 per year on your energy expenses, according to the company. Performance, on the other hand, might vary depending on where the system is situated in your home, as they must maintain a specific temperature all year round.

They also require a significant amount of area, both for the pump itself and for the surrounding air space. The most significant disadvantage is the high initial cost, with the purchase price alone starting at roughly $1,000 and additional fees for installation and maintenance on top of that.

Can a water heater cause a higher electric bill?

As a result, heat pump systems are two to three times more energy efficient than storage heaters, and their running costs are lower as well. Models that are Energy Star certified might save you up to $300 per year on your energy expenses, depending on their efficiency. As a result, performance may vary depending on where the system is located within the house because it must maintain a specific temperature throughout the year. The pumps themselves, as well as the surrounding air space, require a significant amount of area.

What is the average cost of an electric hot water heater?

The usual cost of an electric hot water heater varies depending on the model, but it is often between $300 and $700, with additional installation charges ranging between $700 and $1,000. This implies that depending on the size of the system and the type of water heater you pick, you may expect to pay a total of between $1,000 and $1,700.

Are new electric water heaters more efficient?

A large proportion of newly manufactured equipment is more energy efficient than older ones, and electric water heaters are no exception to this. In the short term, yes, they will have greater initial expenditures in terms of purchase price and installation charges, but they will save you money on your energy bills in the long run since they use less energy to function than older versions. Consider buying an Energy Star-certified electric water heater if you are in the market for a new water heater.

Should I turn off my water heater at night?

It is not necessary to worry about turning off your tankless water heater at night if you have one because they are intended to only heat the water when it is truly needed. In the event that you have a tankwater heater, you should consider shutting it off not just at night, but also whenever it is not needed for an extended length of time, as this may help you save money on your energy bill. This sort of water heating system just warms up the entire tank of water and works to keep it at the desired temperature until it is required again in the future.

Stopping the flow of heat and the few bucks a day that are escaping along with it can be prevented by turning off your water heater!

Does turning down the water heater save money?

The majority of water heaters are set to a default temperature of 140 degrees Fahrenheit since this is about the temperature at which dishwashers used to operate and clean dishes well. For most other home purposes, a hot water temperature of 120 degrees Fahrenheit is sufficient, and dishwashers are now equipped with heating boosters that enable them to get the hot water up to temperature on their own.

You will obtain the most efficient temperature from your water heater by setting it at 120 degrees Fahrenheit. You will also save money by not heating the water to a higher temperature than is actually required.

How much does it cost to run a 50-gallon electric water heater?

Following the Department of Energy’s assumption that an electric water heater is used for approximately three hours per day, a 50-gallon water heater operating at 5,500 watts with an electricity rate of $0.16 per kWh will have an annual operating cost of $781 if the water heater is used for approximately three hours per day. Depending on how efficient the water heater is and how much power is being used in your location, this cost will vary.

Are electric water heaters worth it?

Electric water heaters are a popular choice for many families since the initial expenses are very modest when compared to other choices. However, installation prices vary depending on the kind of water heater purchased and installed. Because they are one of the most energy efficient kinds of water heaters and because, unlike gas heaters, they can be powered by renewable energy sources, they are also significantly better for the environment than other water heating choices. Additionally, electric water heaters are readily available to all people who are linked to the electric grid, but other choices, such as natural gas, are not readily available to some.

See also:  What Is The Best Water Heater To Buy

Electric water heaters are an excellent choice if you have the financial means to invest a little extra money on a newer, more energy-efficient model.

The most effective approach to keep your power bills low while also contributing to the fight against climate change is to switch to a renewable energy plan with Inspire Clean Energy.

We will also give you with smart tools to assist you in managing your electricity consumption.

What Does It Cost To Heat Your Water?

To heat a gallon of water, it is commonly recognized that it costs between 1 cent and 2 cents. The actual price will vary depending on the efficiency of your water heater, whether you use gas or electricity, and how much your electricity or gas bills are per unit of time.

  • When one pound of water is raised from 60°F to 61°F at sea level, the quantity of energy required is measured in BTUs, or British thermal units. A gallon of water weighs approximately 8.33 pounds. If the incoming water is 60 degrees Fahrenheit and we want to elevate it to 140 degrees Fahrenheit, it is an increase of 80 degrees Fahrenheit. In order to heat a gallon of water with 100 percent efficiency, 8.33 x 80 = 667 BTUs are required.
  • When one pound of water is heated from 60°F to 61°F at sea level, the quantity of energy required is measured in BTUs, or British thermal units. Approximately 8.33 pounds per gallon of water As an example, if we have incoming water that is 60 degrees Fahrenheit and we want it to be 140 degrees Fahrenheit, we will need to elevate it by 80 degrees Fahrenheit. If you use 100 percent efficiency, it will take 8.33 x 80 = 667 BTU’s to heat a gallon of water.
  • A normal electric water heater has an efficiency ranging between 90.4 percent and 95 percent, with an average efficiency of 92.7 percent. Electricity is required to heat a gallon of water by 667 92.7 percent = 720 BTUs
  • However, natural gas is required. One kWh is equal to 3413 BTUs. One BTU equals 0.000293 kWh
  • 667 BTUs multiplied by 0.000293 kWh/BTU equals 0.195 kWh. When you heat up a liters of water, it will take 0.195 kWh to do so, and when you heat 1000 gallons, it will take 0.195 kWh to do so. To heat 1000 gallons of water @ $0.11/kWh, it will cost 195 x $0.11 = $21.45 dollars.

How much does it cost to heat a 40 gallon water heater?

Cost of a Water Heater per Gallon

Tank Size (Gallons) Price Range*
40 $320-$1,600
50 $400-$2,200
75 $900-$3,000
80 $1,000-$3,000

Cost of a Water Heater per Gallon of Water

How much does it cost to run an electric hot water tank?

A typical water heater operates for three hours every day. It will cost $781 per year to operate a 50-gallon, 5,500-wattwater heater with an efficiency of 90 and an electricity rate of $1.16 per kilowatt hour. An electric hot water heater that uses a tank will typically operate for three to five hours each day. As an example, a 4,000-watt theater that is utilized for three hours per day at a cost of $0.10 per kWh will cost $1.20 per day, or $36.50 per month, or $438 per year. Furthermore, how much power does a 40-gallon electric water heater consume on a daily basis?

  1. According to an Environmental Protection Agency study from 2008, annual energy consumption numbers were as follows: For a 50-gallon air-based heat pump with a 2.00 energy factor, the energy consumption is 2195 kWh.
  2. With a 0.95 energy factor, a 50-gallon electrictank uses 4622 kWh of electricity.
  3. A typical water heater will consume around 4000 watts.
  4. The typical use of hot water in a family is around 45 gallons per day; therefore, lowering your hot water use can help you save money on power.

The cost of installing a new electric hot water cylinder is between $2,000 and $3,000. Operating expenses for an ordinary three-person home range from around $560 to $1,000 per year, depending on energy tariffs – such as whether a night tariff is available – and other factors.

What does it cost to heat a gallon of water?

This website was discovered by me. Request a calculation from Mr. Electricity, who can tell you how much it costs to heat water using a hot water heater. The bottom conclusion is that, according to their calculations, it costs around one cent to two cents to heat a gallon of water. The actual price will vary depending on the efficiency of your hot water heater, whether you use gas or electricity, and how much your electricity or gas expenditures are per unit of time. According to theAsk Mr. Electricitywebsite: “The amount of energy necessary to heat a water tank.”

  • Btu (British thermal unit) is defined as the amount of energy required to elevate one pound of water from 60 degrees Fahrenheit to 61 degrees Fahrenheit when measured at sea level. (Wikipedia)
  • A gallon of water weighs 8.33 pounds
  • If the incoming water is 60 degrees Fahrenheit and we want to elevate it to 123 degrees Fahrenheit, that’s a 63 degree Fahrenheit rise. If you use 100 percent efficiency, the energy required to heat one gallon of water is 8.33 x 63 = 525 BTU’s.

The price of heating water in a gas tank

  • A typical gas tank water heater is just 59 percent efficient, according to Energy Star. A gallon of water heated in a gas tank requires 525 59 percent = 890 Btu’s of energy to heat it. One therm is equal to 100,000 btu. As a result, one Btu is equal to 0.00001 therms. (Pacific Northwest National Laboratory)
  • 890 Btu is equal to 0.0089 therms. In order to heat a gallon of water, we’ll need 0.0089 therms multiplied by 40 = 0.356 therms, which will heat a 40-gallon tank. When the price of a therm is $1.42, it costs 0.356 x $1.42 = $0.51 to heat a 40-gallon tank
  • Another source comes up with a similar figure: 0.40 therms for the tank (based on 0.11 therms to heat 11 gallons of water (Multi-housing Laundry Association)
  • 0.40 therms for the tank (based on 0.11 therms to heat 11 litres of water. According to the MHLA, it takes 3.3 therms to maintain 11 gallons of water hot for one month.

It is estimated that a typical gas tank water heater is just 59% efficient. A gallon of water heated in a gas tank requires 525 59 percent = 890 Btu’s of energy; Approximately 100,000 btu are contained inside one therm. The unit of measure for Btu (billion British thermal units) is the therm (therm). National Laboratory of the Pacific Northwest There are 0.0089 therms in 890 Btu’s. A gallon of water may be heated in 0.0891 seconds, or 0.0891 seconds multiplied by 40 is 0.3561 seconds to heat a whole 40-gallon tank.

Other sources produce similar results: 0.40 therms for the tank (based on 0.11 therms required to heat 11 gallons of water (Multi-housing Laundry Association), 0.40 therms for the water heater; 0.40 therms for the water heater (Multi-housing Laundry Association); 0.40 therms for the water heater (Multi-Housing Laundry Association).

  • The efficiency of a common electric water heater ranges from 90.4 to 95 percent. Let’s say it 92.7 percent on average
  • Hence, it takes 525 x 92.7 percent = 566 Btu’s to heat a gallon of water in an electric tank
  • One kWh is 3413 Btu’s, therefore one Btu is 0.000293 kWh
  • 566 Btu’s x 0.000293 kWh/Btu = 0.166 kWh
  • Therefore, it takes 0.166 kWh to heat a gallon of water, or 0.166

The two keys they had were that it cost $0.51 to heat 40 gallons of water using gas and $0.73 to heat 40 gallons of water using electricity. That equates to $0.01275 per gallon of gas and $0.01825 per gallon of electricity, respectively.

How Much Energy Does my Water Heater Use?

Your water heater is one of the more energy-intensive users of energy among the equipment in your house. According to the Department of Energy, the hot water heater accounts for around 17 percent of total energy use in the average home. If you are able to determine how much energy you use to heat water, on the other hand, you will have the knowledge you need to increase your efficiency and reduce your energy expenses to the bare minimum.

How Much Electricity Does a Hot Water Heater Use?

It is one of the most energy-intensive equipment in your home, and it consumes a significant amount of it. According to the Department of Energy, the hot water heater accounts for around 17 percent of total energy use in a typical home. If you are able to determine how much energy you use to heat water, on the other hand, you will have the information you need to enhance your efficiency and reduce your energy expenditures to the bare essentials.

How Much Gas Does a Hot Water Heater Use?

When it comes to the cost of a gas hot water heater, the same elements that influence the cost of their electric counterparts apply. In addition, the formula for predicting your bill is very similar: To figure out how much energy your heater consumes each hour, multiply that figure by the number of hours it’s on and the price you pay for therms.

Suppose you pay $1 per therm and you use a heater that consumes a lot of energy. If you burn 205 therms each hour for three hours per day, your total cost per day is around $0.62, your monthly cost is $18.70, and your annual cost is $224.

Gas vs. Electric Water Heater Operating Cost

In general, a gas water heater will be less expensive per month to operate than an electric water heater since natural gas costs are often lower than the cost of electric power. For example, if your electric heater costs $438 in fuel per year, but your gas heater costs $224, you would save $214 per year by switching to gas. Of course, the actual savings you get will depend on the other variables in play, such as the efficiency of your unit. Consider that the Energy Factor, or EF rating, of a hot water heater determines how much gas it consumes.

Generally speaking, the higher the number, with the most efficient versions weighing approximately.67 lbs.

Alternative means of heating the water, such as solar heaters or heat pumps, might also be considered while shopping for a water heater.

How Much Electricity Does a Tankless Water Heater Use?

Gas water heaters often cost less per month to operate than electric water heaters since natural gas costs are lower than the cost of electricity on a monthly basis. For example, if your electric heater costs $438 in fuel per year, but your gas heater costs $224, you would save $214 per year by switching to gas. Of course, the actual savings you get will depend on the other variables at play, such as the efficiency of your unit. Consider that the Energy Factor, or EF rating, of a hot water heater determines how much gas it consumes.

Generally speaking, the greater the number, with the most efficient versions weighing approximately.67 lb (1.6 kg).

Alternative means of heating the water, such as solar heaters or heat pumps, might also be considered while shopping for a water heater type.

How to Keep Your Bills to a Minimum

Consider the following suggestions to minimize the amount of energy or gas your hot water consumes and thereby lower your bills:

  • Reduce the temperature of the water heater: Many hot water heaters are set to 140 degrees by default, although 120 degrees is sufficient for most home needs and poses less of a scorching hazard. Make sure you don’t spend too much time in the shower: A hot shower may be a soothing experience, and no one is advocating that you endure frigid showers throughout the winter months, as some have suggested. Consider, on the other hand, limiting your bathing time and refraining from engaging in lengthy cleaning sessions of 20 or 30 minutes. When taking a shower, one method of reducing water use is to turn the water off while you soap up and wash your hair, then turn it back on to rinse off. Installing low-flow faucets and shower heads can help you save money. If you have less water flowing through your fixtures every minute, you will need to use less heat to heat your home. Insulate your tank by doing the following: An affordable insulating blanket can assist your water tank maintain its heat, allowing it to use less energy when it comes time to heat it back up again, saving you money. Choose a tank size that is appropriate for your family: In order to manage the busiest hour of the day in your family, your water heater must be large enough to accommodate it without being so enormous that it wastes energy heating water that isn’t required. For help calculating how many gallons you require in an hour, go to the Department of Energy’s guidance on sizing a new water heater, and then look for models with a first hour rating that matches your needs. Change to a more energy-efficient model: Because energy-efficiency technology is constantly improving, the next time you need to purchase a new hot water heater, you’ll be able to save a few dollars on your utility bills by investing in a model that has earned the Energy Star label, which guarantees that it will be among the least energy-intensive models available on the market. Don’t forget about the other appliances in your home: Because hot water consumption accounts for a significant portion of the energy required by your dishwasher and washing machine, investing in energy-efficient equipment and selecting low-energy settings can help to alleviate the strain on your hot water heater. Dishwashers are more energy efficient than hand washing dishes: While dishwashers do consume some electricity, they tend to use less hot water than hand washing dishes, particularly if you have a high-efficiency model and wait to run the machine until you have a full load of dishes.

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Whenever you sign up for a Direct Energy energy plan, you’ll receive information and resources that will help you keep informed about your energy consumption and save money on your utility bills.

How Much Electricity Does My Dishwasher Use?

Get an eye-opening look at the subject of how much power a dishwasher consumes in this informative video.

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Understanding Your Energy Bill

Estimating your monthly energy costs can assist you in deciding on a strategy and creating a more accurate budget for your utility bills.

Energy Cost Calculator for Electric and Gas Water Heaters

  • The “base model” has an efficiency that just about meets the national minimum level for gas and electric water heaters
  • However, the “base model” has an efficiency that exceeds the national minimum standard for gas and electric water heaters. When considering a water heater with an anticipated life of 13 years, the lifetime energy cost is the total of the discounted value of the yearly energy expenditures. The Federal recommendations for future power price trends and a discount rate of 3.2 percent are used to calculate the discount rate. The Federal average price for electricity in the United States is $0.09 per kWh
  • The Federal average price for natural gas in the United States is $0.93 per therm. Estimates of hot water consumption:
  • Taking an average shower (8 minutes) uses 10 gallons of hot water
  • Running an average clothes washer (one load) uses 7 gallons of hot water
  • Running an average dishwasher (one load) uses 6 gallons of hot water The average kitchen faucet flow rate is 2 gpm, while the average bathroom faucet flow rate is 0.5 gpm
  • The average daily hot water consumption rate is 64 gallons.

Disclaimer

With the help of our cost calculator, you can estimate the amount of money you’ll save on energy over the course of a product’s lifetime at various degrees of efficiency. Maintenance and installation costs do not differ considerably across products with varying levels of efficiency, and as a result, these expenses are not included in the calculations made by this calculator tool. The Building Life Cycle Cost Study tool, created by the Federal Energy Management Program, may be used to do a complete life cycle cost analysis (BLCC).

Using this free tool, the user may experiment with different financing rates, installation costs, maintenance expenses, salvage values, and product life expectancy for either a single product or an entire energy project.

Does a 50-Gallon Water Heater Cost More to Run Than a 40-Gallon?

When comparing the costs of operating a 50-gallon water heater to a 40-gallon water heater, the extra 10 gallons really plays a very minor effect. There are further, more crucial elements to consider: One such program is run by the Department of Energy, and it rates the overall efficiency of water heaters, which has a direct impact on the cost of operating. In theory, running a high-efficiency 50-gallon water heater might be less expensive than running a regular 40-gallon water heater.

The Energy Factor

  1. It is necessary to take into account parameters such as the recovery rate of a water heater, standby losses, and cycle losses in order to calculate the energy factor (AF). It is a measure of how efficiently heat is transported from the heat source to the water. Recovery rate: Standby losses are the amount of heat that is lost from the water into the surrounding environment. In this case, the cycling losses are used to determine how much heat is lost when water passes through the system. The sum of these losses is equal to the energy factor of the water heater (EF). Remember that the closer the energy factor is to one hundred percent (1.0), the less expensive it will be to run the heater for a certain amount of time. The difference in cost between running a 50-gallon heater and a 40-gallon heater, when all other parameters are equal, is virtually trivial. The 50-gallon heater will actually be less expensive to operate over time since the tank will be less likely to run out of hot water (because heating a tank of cold water to operating temperature requires a significant amount of energy)

How Much Does the Hot Water Heater Affect an Electric Bill?

Water heaters make it easy to do a variety of tasks such as taking a hot shower, washing your hands with warm water, and many more simply by turning on the hot water tap. Hot water heating tanks, on the other hand, consume a substantial amount of energy, making them prohibitively expensive to operate. Knowing how much your hot water heater contributes to your power bill may enable you to take steps to reduce your water heating expenditures.

Electricity Consumption

According to the United States Department of Energy, water heating systems are the second most significant consumer of energy in the house, accounting for an average of 18 percent of total power expenses. EF (energy factor) is used to assess the efficiency of water heaters. The greater the value of EF, the more energy-efficient the heater. EF is a rating that indicates how much hot water may be produced daily per unit of fuel. The efficiency factor (EF) of electric heaters ranges from 0.75 to 0.95.

Calculating Energy Usage

It is estimated that domestic water heating systems account for 18 percent of total power expenses in the United States, according to data from the United States Department of Energy (DOE). EF (energy factor) is used to assess the efficiency of water heaters. The greater the value of EF, the more energy efficient the water heater. The amount of hot water generated daily per unit of fuel is represented by the letter EF. When it comes to electric heaters, the efficiency factor (EF) can range between 0.75 and 0.95.

Reducing Water Heater Electricity Usage

Reduce the temperature of the water heater to 120 degrees Fahrenheit, install an insulation blanket around the tank with a “r”-value rating recommended by the manufacturer, upgrade to an Energy Star-rated unit, or switch to an instantaneous water heating system to reduce the amount of electricity consumed by the water heater.

What Is The Average Cost To Replace A Hot Water Heater?

It is possible that the cost of replacing a hot water heater system may be significantly higher in 2020, depending on your requirements. Replacement of a heater with a 50-gallon tank unit can cost anywhere from $400 to $1,000 on average, depending on the model.

If you choose to go tankless, the cost might range anywhere from $1,500 and $2,500, depending on your location. Additionally, most plumbers will charge you for properly disposing of your old water heater in addition to the expenses of components and labor (which range between $250 and $500).

Replacing your water heater: which type?

When comparing the costs of a typical water heater with a tank and a tankless water heater, the difference is fairly considerable. In certain cases, a tankless heater might cost up to $1,600 just for the device (minus labor costs). Tankless devices, on the other hand, have the potential to save you money over time. This is due to the fact that typical water heaters can hold up to 50 gallons of hot water, which is a significant amount of water to heat. Tankless water heaters operate on the principle of superheated coils to provide hot water on demand.

If you can afford a tankless system altogether or if you can work out a payment plan with your lender, it may be worthwhile to consider a tankless system since you might save money on fuel or utility costs.

The pros and cons of tank water heaters

A tankless water heater may be out of reach financially, but the good news is that a conventional water heater will cost you substantially less money in the long run. Tank water heaters are available for purchase for a range of prices ranging from $200 to $600. These devices are less expensive to acquire, less difficult to install, and they do not cause problems with hot water delivery. On the other hand, they are more expensive to operate, have a shorter lifespan of 6-10 years, and must be placed within the home, which means they might take up precious space that could be put to greater use elsewhere in the house.

Cost comparison: gas vs electric water heaters

If you are concerned about the long-term energy expenditures of your water heater, an electric water heater is the most cost-effective option for you to consider. When it comes to powering your gadget, electricity is somewhat more expensive than natural gas, while an electric water heater is marginally less expensive than a gas-powered heater. An electric water heater may be a smart option if you’re contemplating additional cost-saving initiatives such as solar panels. The typical cost of an electric tank heater is roughly $750, with yearly energy usage being around $460 per heater.

The importance of energy efficiency

The cost of hot water can account for as much as one-third of your total energy expenditure. You should get the most energy-efficient equipment you can afford if you have a large amount of hot water use in your household. This might help you save hundreds of dollars over the course of several years.

Additional costs

When it comes to replacing a water heater, you should be informed of any additional costs that may be incurred – and whether or not you will be required to incur them. Adding a warranty to your heater, for example, may increase the cost of the heater, but it may also cover you in the case of equipment failure.

Conclusion

Any additional expenditures that you may incur while replacing a water heater should be considered, as should whether or not you actually require them.

Adding a warranty to your heater, for example, may increase the cost of the heater, but it will cover you in the event that the item fails.

Water Heater Installation Cost Guide (2022)

A comparison of the costs of a tank and a tankless water heater, gas versus electric water heaters, energy-efficient water heaters, signs of a failing water heater, how to choose a water heater, when to call a plumber, and frequently asked questions In practically every family, having access to clean, hot water has become a luxury. While the requirement for hot water in a home is constant, the methods by which it is produced are constantly evolving, with a wide range of tanks and fuel sources accessible to homeowners.

Tank vs. Tankless Water Heater Costs

In terms of water heaters, the tank and tankless water heaters are two of the most popular options available.

Tank Water Heaters

Storage tank water heaters are a popular alternative for households because they can keep and heat large amounts of water on a continuous basis. Water heaters are often situated out of sight, in a garage, basement, or utility closet, among other places. Tank water heaters generally utilize electricity or natural gas to heat the water they produce. The installation of a storage tank water heater is less difficult than the installation of a tankless water heater, needing just roughly three hours of effort.

Tank heaters, although being a more inexpensive choice, are less energy-efficient due to the fact that they must operate continuously in order to maintain the target tank temperature.

Tankless Water Heaters

Tankless water heaters function by heating water only when it is required. The technology heats the water pipe with either a gas burner or electricity, allowing it to furnish water on demand. A tankless device, like a hot water storage tank, can be kept in a basement or utility closet for easy access. Tankless heaters are less bulky than tank units and may be placed on the wall of a bathroom or bedroom, for example. Tankless water heaters are more expensive to purchase up front than tank water heaters, with prices ranging from $1,200 to $3,500 for homes.

Electric tankless heaters will require the installation of brand new electrical wiring.

Furthermore, these water heaters have a longer longevity, with an average lifespan of around 20 years.

Gas vs. Electric Water Heater Costs

Tankless and tank water heaters are both available in gas and electric variants, with each offering its own set of advantages and disadvantages to homes.

Electric Water Heaters

An electric tank is less expensive to purchase and install than a gas tank, with a household 50-gallon tank water heater costing roughly $500 to purchase and put in place. The overall cost of operation on a monthly basis, on the other hand, is typically more than the cost of operating a gas heater. Because there is a lower danger of a leak or combustion with this heat source than with gas, it is regarded to be safer than gas. The disadvantage of using an electric heater, which is more ecologically friendly, is that if the power goes out, so does the hot water.

Gas Water Heaters

Gas heaters are more expensive to acquire, with a 50-gallon tank costing around $700. The operating costs of these heaters, on the other hand, are less expensive than those of an electric type. Despite the fact that natural gas is more likely to combust or leak, a gas-powered water heater produces hot water without the use of electricity. The most significant disadvantage of using a gas water heater is the harm it causes to the environment via the release of carbon dioxide. More information may be found at: How to Choose the Most Appropriate Water Heater Warranty

Energy-Efficient Storage Tank Water Heater Costs

If you want to be more ecologically concerned, you might consider purchasing one of these energy-efficient water heaters instead.

Solar Water Tank Heaters

Natural sunlight is used to heat the water in these water heaters. A solar water heater system is made up of two parts: a storage tank that retains water and solar collectors that produce heat. In most cases, a solar water heater will rely on a standard water tank in the event of a power failure. Active solar water tank systems and passive solar water tank systems are the two main types of solar water tank systems. An active system provides water to residences through the use of a pump, whereas a passive system circulates water around the home through the use of natural convection.

The increased expense is due to the considerable amount of labor required as well as the requirement for a backup water heater.

Indirect Water Heaters

Heat is provided to the tank by an existing furnace or boiler, which is powered by the energy from the furnace or boiler. The water from the boiler is cycled into the tank’s coils, where it is heated by the water contained within. This water heater style is energy efficient, as it relies on heat generated by a boiler or furnace to heat the water. Although the monthly cost of an indirect water heater is low, the initial purchase and water heater installation costs are more than those of traditional heaters, and are around $1,500 in comparison to the latter.

Signs of a Failing Water Heater

You should be on the lookout for warning indicators (such as the ones listed below) that indicate that you need to replace your water heater if you already have one on your property.

You may also avoid these problems by keeping your system in good working order using items from reputed firms such as Corro-Protec.

  • Water that is discolored or has an unusual flavor
  • It is possible to have water that takes longer to heat than usual or does not heat at all. Noises originating from your water heater that are loud or unusual
  • Leaks
  • A hot water heating system that has been in operation for more than 15 years
See also:  Where To Dispose Of Water Heater

Selecting Your Water Heater

Keep the following considerations in mind when selecting a water heater for your residence:

  • Prior to purchasing a water heater for your house, examine whether or not the required fuel type is readily available. For example, if you’re considering a natural gas water heater, ensure sure your home already has or is capable of receiving a natural gas connection before proceeding. Household size and number of people in your house should be taken into consideration when purchasing a gas tank. Size of your home— For example, a family of two people need a 30–40 gallon tank, but a household of four people requires a 50–60 gallon tank. Savings on both costs and energy— Consider the price of each water heater as well as the cost of the fuel it uses. However, while certain heaters may be more expensive up front, their energy efficiency may allow you to save money in the long term.

When You Should Call a Plumbing Professional

It is suggested that you contact a professional if your water heater is showing symptoms of wear or if it has abruptly failed. Despite the fact that you may opt to replace a water heater as one of your home improvement projects, the intensive work and extensive expertise required to install a system make water heater repairs and replacement a job that is best left to a professional plumber.

Frequently Asked Questions About Water Heaters

After installation, a gas heater will take around 40 minutes to reach full temperature, but an electric heater may take an hour or longer. The length of time it takes for the heater to begin supplying hot water to your house is also dependent on the size and kind of water heater you have.

How many hours a day does a water heater run?

The size, style, and fuel source of a water heater all influence how long it will operate. A tankless water heater typically runs for around an hour per day, but a tank water heater may run for four hours or more each day. Immediately contact a licensed plumber if you find that your water heater is operating more frequently than normal. The plumber will evaluate your heater for any faults.

How much does it cost to replace a 50-gallon water heater?

For an electric water heater of the same size, the cost is around $1,000, while a natural gas water heater of the same capacity is approximately $1,200. Send an email to our Reviews Team atreviews@thisoldhousereviews.com if you have any comments or questions regarding this post.

Hot Water Heater Costs & Installation Prices

The average cost of purchasing a water heater is $1,190 dollars. Get quotations from as many as three professionals! Enter your zip code below to get matched with top-rated professionals in your area. Water heater installation, often known as hot water heater installation or just water heater installation, is one of the most popular (and vital!) house modifications. Hot water heater replacement costs can range from $810 to $1,570, and the cost is determined by whether you are performing a straightforward one-for-one exchange or a more involved upgrade to a tankless system.

How Much Does It Cost to Buy a Hot Water Heater?

Hot water heaters are crucial components of any household, whether you’re washing linens in hot water or resting in a nice bubble bath. When estimating the cost of replacing a water heater, consider the cost of the unit itself, as well as the time it will take your pros to install the unit. Water heaters range in price from $300 to $2,000 for the device alone, with labor costs ranging from $45 to $150 per hour. If the plumber does not need to make any changes to the system, such as switching from an electric to a gas system, the installation visit should take no more than two to three hours on average.

The Average Cost of Hot Water Heaters With Installation

  • 900 dollars for a 40- to 50-gallon tank
  • 3,000 dollars for a tankless system

Additional Hot Water Heater Costs

Assuming all goes smoothly, all you’ll need is a simple water heater exchange—out with the old, in with the new. Some households, however, will require additional services in order to complete the changeover appropriately. The requirements for residential water heaters change from time to time, necessitating frequent modifications. But try not to be concerned about these code upgrades; they are strictly for safety reasons. Your plumber will inform you of the code requirements (and may direct you to other local specialists such as an electrician), which is especially important if you want to convert from a gas to an electric water heater or if you want to relocate the water heater.

For the services of hot water tank installation that you may require for your project, the following are the typical costs:

  • Electricians charge between $50 and $100 per hour
  • Additional wiring costs between $550 and $2,200
  • New gas lines cost between $250 and $800
  • New water lines cost between $350 and $1,900
  • Required permits cost between $100 and $1,500
  • Wall framing costs between $200 and $400
  • Drywall installation costs between $1,000 and $2,900
  • Water heater removal costs between $100 and $500

How Much Does It Cost to Buy a Hot Water Heater Near You?

Hot water heaters are high on the list of must-have items for each household! Americans pay various prices for their long, hot showers depending on where they live:

The City or State Average Cost Range

  • $750–$1,250
  • Dallas:$950–$1,675
  • Denver:$985–$1,900
  • Houston:$950–$1,600
  • Minneapolis:$715–$1,300
  • San Diego:$935–$1,600
  • San Francisco:$1,050–$1,850
  • Seattle:$1,050–$1,700
  • Atlanta:$775–$1,350
  • Austin, TX:$850–$1,650
  • Atlantic City, N.J.:$1,129

How Much Does It Cost to Buy a Hot Water Heater by Type?

Tank and tankless water heaters are the two types of water heaters available. Both types of water heaters generate hot water using either natural gas (natural gas or propane) or electricity. It’s not uncommon for a classic tank water heater to have a huge storage tank that may contain anywhere from 30 to 80 gallons of water. 90 percent of families have a tank hot water heater that is hidden away in a basement or laundry room, and you are not alone. A tankless water heater is about the size of a compact suitcase, and it heats water using a coil system instead of a tank.

As with a heating zone, indirect-fired heaters employ a coil within the tank that is connected to a boiler through pipework.

These tanks are more costly (about $1,000 to $1,500) than typical gas or electric tanks, and they take between four and eight hours to install on average.”

Gas Water Heater Costs vs. Electric Water Heater Costs

A tankless water heater is a type of water heater that does not require a tank. For the production of hot water, both kinds rely on either natural gas (natural gas LP) or electricity. A typical tank water heater stores water in a big tank that may contain anywhere from 30 to 80 gallons of water at any given time. If you’re like 90 percent of families, you have a tank-style hot water heater that’s hidden away in a basement or utility room. A tankless water heater is about the size of a compact suitcase, and it heats water using a coil system.

According to the manufacturer, these tanks are more expensive than typical gas or electric tanks (about $1,000 to $1,500) and need between four and eight hours to install on average.”

Gas Water Heater

  • Over a 12-year period, the cost is $5,000. The device ranges in price from $250 to $1,800.

Electric Water Heater

  • A total of $5,000 will be spent during a 12-year period. Approximately $250–1,800 for the unit
Type Cost
Gas Water Heater $250 – $1,800
Electric Water Heater $200 – $2,880

Average Cost of a High-Efficiency Water Heater

Despite the fact that you use your water heater on a regular basis, you may not be aware that it is the second-highest source of energy usage in your house (an HVAC ranks first). Investing in a high-efficiency water heater is both a cost-effective and ecologically responsible decision. High-efficiency water heaters typically cost between $1,000 and $3,000, including the equipment and installation labor.

Their energy efficiency ranges from 100 percent to 300 percent more than that of typical water heaters, and they include features such as high-quality insulation, plastic tanks, and sophisticated controls that detect leaks.

Tankless Hot Water Heater Costs

The water heater, despite the fact that you use it on a regular basis, is the second-highest source of energy consumption in your house, according to the Energy Star program (an HVAC ranks first). It is both inexpensive and ecologically good to purchase a high-efficiency water heater. An typical high-efficiency water heater costs $1,000 to $3,000, including installation and labor. Compared to traditional water heaters, they are 100 percent to 300 percent more energy efficient, and have enhancements such as high-quality insulation, plastic tanks, and sophisticated controls that detect leaks.

Solar Water Heater Costs

You’ll see a solar water system on any “off the grid” home-building show if you pay attention. The owners save money over time as a result of this technology, although the initial investment is substantial. It costs between $1,800 and $5,500 to install a solar water heater; however, the price can rise to as much as $13,000 depending on the product, installation fees, maintenance expenses, and the availability of a qualified contractor.

Hybrid Heat Pump Water Heaters Costs

If you don’t care about saving space or money, a hybrid heat pump water heater is the best option for your home. This is the most costly choice, with prices ranging from $1,200 to $3,500. However, hybrid water heaters are the most energy-efficient, thus they are the most expensive. However, small dwellings (sorry, tiny-house people) are not the ideal prospects since the water heater requires 7 feet of space from the floor to the ceiling, as well as 1,000 cubic feet of surrounding air to function properly.

Indirect Water Heater Installation Costs

An electric hybrid heat pump water heater is the best option if you aren’t concerned with saving space or cutting costs. The most expensive choice is the hybrid water heater, which costs between $1,200 and $3,500. Hybrid water heaters are the most energy-efficient of the options available. However, small dwellings (sorry, tiny-house people) aren’t the ideal prospects since the water heater requires 7 feet of space from the floor to the ceiling, as well as 1,000 cubic feet of surrounding air to operate effectively.

Type Cost
High-Efficiency Hot Water Heater $1,000 – $3,000
Tankless Hot Water Heater $1,000 – $3,000
Solar Water Heater $1,800 – $13,000
Hybrid Heat Pump Water Heater $1,200 – $3,500
Indirect Water Heater $800 – $1,500

What Factors Influence the Cost of a Hot Water Heater?

Hot water heaters require a lot of space in order to function properly. If you’ve been thinking about having a yard sale to clear out the basement, there’s no better time than now to do it in order to create way for an upgraded water heater. The gallon size is another element that determines the cost of the unit and the installation.

Location of the Hot Water Heater

Most homeowners purchase a new water heater only after their current one fails, and this usually occurs at an inconvenient time—for example, when you have houseguests who love hot showers. A hot water heater upgrade or a relocation of your hot water heater is most likely in order. The position of the hot water heater might be changed by homeowners in order to conserve space or make way for additional changes.

If you choose for a tankless unit, the position of the installation may be altered as well. It is possible that additional expenditures will be incurred for new venting, piping, or modest construction jobs in order to properly house the water heater.

Water Heater Sizes

The simplest way to determine what size water heater you’ll need is to count the number of people who live in your home. Calculate your first-hour rating (FHR), also known as peak hot water demand, as well as the recovery rate of your tank to become more specific. As an illustration: Gallons consumed in one hour using the function XPeak Use during one hour = Gallons consumed in one hour Showering for 10 gallons on average each hour multiplied by three hours is 30 gallons.

Tank Water Heater Measured by Gallons

  • 1 person need 20–30 gallons
  • 2–3 people require 30–40 gallons
  • 4–5 people require 40–50 gallons
  • And 6 or more people require 55 gallons or more.

Tankless Water Heaters Measured by Gallons Per Minute

  • For one individual, 20–30 gallons of water will be used in 2–3 minutes. 2–3 people: 30–40 gallons in 3–5 minutes
  • 4–5 people: 40–50 gallons in 4–6 minutes
  • 6+ people: 55 gallons in 5–6 minutes

Getty Images photo by brizmaker from the iStock collection.

FAQs About Water Heater Costs

Even though most people wait until the last minute, you should consider purchasing a hot water heater if you begin to see the telltale indications of approaching failure. Keep in mind that the lifespan of a normal tank water heater is eight to twelve years, depending on the model. Here are a few red flags to look out for:

  • You should consider purchasing a hot water heater if you begin to see indicators of approaching failure, even if the lifespan of a normal tank water heater is eight to twelve years, even though most people wait until the last minute to do so. Here are a few red flags to watch out for.

How can I extend the life of my water heater?

The longevity of a tank-type heater is determined by the anode rod that is put within the tank. This rod is intended to attract corrosive substances and pull them away from the metal components of the tank’s metal components. Anode rods have a lifespan of around five years. Replacing the anode every three to four years may effectively double the tank’s lifespan, effectively doubling it practically indefinitely. In addition, the anode rod is one of the least costly changeable elements of a heater (costing on average approximately $30).

How do I find a professional to install my hot water heater?

The sort of unit that your home requires is something you’re looking for in a trained, local, and licensed plumber with expertise installing that type of unit. Not every contractor or plumber have the necessary expertise to install these systems. Consult with each professional to determine whether they have previous experience dealing with your particular scenario, particularly if you want skills for an electric to gas conversion or a complex tankless or solar heating system.

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