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The cost to install a new water heater depends on the type and its size, but homeowners pay between $900 and $1,800 on average. By contrast, you’ll pay much less for certain repairs, like replacing a broken gas valve, which costs between $150 and $550 on average.

Water heaters seldom ever burst, but when they do, you should know the warning signs to protect your home. The biggest sign that your water heater is about to burst is a sulfuric smell. If your home inexplicably smells like rotten eggs, then this could be an indication of a gas leak in your gas water heater. If gas leaks out of the unit, it could ignite and cause an explosion, so you should immediately shut off the gas and call a plumber near you to inspect your water heater.

Choosing between an electric water heater vs. a gas water heater comes down to personal preference. Overall, electric heaters are more energy efficient than their gas competitors. They’re also quieter to operate, take up less room, and don’t come with a risk of gas leaks. 

The downside is that electric water heaters cost more to operate than gas. They might also struggle to heat water fast enough for households that use large amounts of hot water. Lastly, a power outage could cause your electric water heater to stop working, whereas gas water heaters may still function.

Yes, you can replace a current tank water heater with a tankless model or vice versa. If you’re maintaining the same fuel source—gas or electricity—the switchover should be smooth. A conventional tank requires open floor space, while a tankless model can be wall-mounted. If you’re switching to a tank water heater, you might need to clear space for it. Gas-powered tankless water heaters need a large volume of gas when they start running to heat the water instantly. You might need to increase the size of the gas line when going from a tank to a tankless model.