Depending on the details of your project, your water heater replacement cost could be even higher than the initial cost. Multiple factors may influence the price. But what is more important to understand is that the total cost comes from the following expenditures. 1. The New Unit Buying a new unit may cost you from $500 to $4,500, depending on the specifications. On average, people spend $1,000 to $2,500 for a whole-house system. Within this budget, you could get a gas tankless water heater with a flow rate of 3-5 GPM. 2. Labor Cost Depending on which area you live in, the labor cost for a plumber is around $40 to $150 an hour. A replacement can take 3 to 4 hours to complete. Thus, you should expect to pay $120 to $600. This rate includes removing the old unit, mounting the new one, readjusting, and tuning it up until it can work properly without any problems. 3. Permit Most cities require you to have a legal permit to get your water heater replaced or upgraded. It is only $50, and it could be a big problem if you neglect to get it. You don’t even need to acquire the permit yourself. Most plumbers will do it for you as a part of their service. 4. Extras There might not be any additional work necessary if you are replacing your current system with a new one that is the same type and size. But, if you decide to change the type or upgrade the size, there might be some extra work needed for adjustments. Thus, your water heater replacement cost will be higher. Additional costs also apply when your walls get damaged, because you will need to hire a handyman to fix them. 5. Debris Disposal There are regulations to obey when disposing of your old water heater unit. To play it safe and avoid any hassles, you can just ask your plumber to deal with it for around $20. But sometimes a water heater replacement service will already include this task in their package, so you won’t need to pay more. 6. Part Replacement Sometimes your water heater stops working properly because only one or two parts are malfunctioning. Thus, you only need to replace a part instead of buying a whole new water heater. The cost of part replacement varies, depending on which part is broken. Unfortunately, specific parts are sometimes not available or are too expensive. In such situations, you will have no other choice than to get a total replacement. Considering each of these potential costs can help you estimate your upcoming water heater replacement cost, so you can get your budget ready before it is time. But besides that, you also need to pay attention to your water heater maintenance. Make sure your system gets thorough maintenance at least once a year to keep it working excellently. Proper maintenance can prolong your system’s lifespan. If everything goes well, you might not need to worry about replacing your water heater until 9 to 12 years after the initial installation.
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