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Professional metal fabricators typically charge around $70 per hour, but the total cost of your project will depend on several factors. The largest cost drivers are the size, complexity, and design of the project, as well as the price and type of metal used. A good way to estimate the total cost is to multiply the cost of raw materials by four; typically, one-quarter of the total goes toward materials and three-quarters toward labor. Your geographic location can also influence costs, as labor and material prices vary by region.

You should not do your own welding unless you have the proper training and experience. Most home electrical systems can only handle MIG welding, which creates weaker bonds than TIG welding and won’t work on certain metals or metal thicknesses. Both welding forms usually require the use of shielding gas, which can be dangerous to store at home. Additionally, welding machines create temperatures of over 3,000 degrees, and the sparks can blind you if you don’t have the proper equipment. As such, it’s usually better to hire a professional welder for your welding projects.

Welding is the process of using extreme heat—and, sometimes, pressure—to attach two pieces of metal. In contrast, metal fabrication is a more involved process that can include welding, sheet metal work, bending, and other forms of metal manipulation. Metal fabrication is a large-scale project that may or may not involve welding, while welding is more often a step in larger fabrication projects.

Since water heaters are primarily made of metal, they’re commonly accepted by scrap yards and collectors. Don’t expect to fetch a high price, though—water heaters are mostly steel and aluminum, which aren’t high-value metals. Some components are made of more valuable metals, like brass and copper, but they’re a small portion of the heater and won’t affect the price much.