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The average cost to replace a water heater is around $1,325, with a typical range of $900 to $1,800 for a standard replacement. The final price depends on the type of heater (tank vs. tankless), its size, fuel source (gas or electric), and the complexity of the installation. A simple one-to-one replacement will be on the lower end of the cost spectrum. However, if you are switching from one type of heater or energy source to another, you can expect labor costs to be significantly higher due to the extra work involved. It's also worth considering that while gas and electric heaters may have similar upfront costs, their long-term operating costs can differ based on local utility prices.

Examples include gas stoves, ovens, and water heaters. Confirm with your provider for specific items.

If you are having trouble determining the right breaker size for your water heater, it is a great idea to contact an electrician near you to help. They can help you determine the best option for your home and install the circuit breaker for you, ensuring that you have all the proper permits and that your circuit breaker won’t overload, which could lead to fire and other damage.

You don’t have to replace expansion tanks at the same time as your hot water heater. You may be able to go six to 12 years or more before needing to replace your expansion tank. At $150 to $450, hot water heater expansion tanks are usually much more affordable than the cost of hot water tanks themselves, which average about $1,190.