The domestic electric water heater may be either a tank-type or a tankless type.
Typical domestic tank-type water heaters range from 30 to 50 gallons and they require floor space to be installed. Tankless units are rated in gallons per minute (GPM) and range from 2 to 10 GPM. They can be wall mounted and located in reduced spaces.
You will find that electric water heaters are less expensive to buy than gas types even before considering the cost of gas ventilation and gas pipe requirements, but in most regions electricity is the more costly heat source. Tankless heaters may cost more, but are considered lower cost to operate with their higher efficiency.
The cost to install average electric water heating depends upon type, heating flow and tank capacity, preparation and special needs, and the labor rate.
In the following table the Labor Cost figure is what the able and prepared DIY persons should expect to save by performing the corresponding tasks.
Electric water heater replacement: for 4 or 5 person home; includes old material removal and disposal, transport, new material and installation, equipment, and waste.
|Item||Unit Cost||Quantity||Line Cost|
|Water heater: 40 gallon tank, 240V, 9 kW.||$297||each||1||$297|
|Upgrade tankless: additional cost to install tankless unit; 5.3 gallons per minute, 240V, 27 kW, 2 bathrooms.||$418||each||1||$418|
|Upgrade electrical: install new circuit for upgraded tankless; 30 feet of ROMEX surface mounted cable, #6/3; 2 each 60 amp breaker into existing spaces; single outlet box and cover.||$4.72||per foot||32||$151|
|Removal: transport and non-hazardous dump fees.||$45||per CY||1.5||$68|
|Fees and Material Cost||$934||each||1||$934|
|+ Labor Cost (remove and dispose)||$32||per hour||2||$64|
|+ Labor Cost (install)||$42||per hour||4||$168|
|+ Labor Cost (upgrade tankless)||$42||per hour||1||$42|
|+ Labor Cost (upgrade electrical)||$42||per hour||3||$126|
Prices range from $365 (electric w/ 40 gallon tank, 3 or 4 persons - DIY) to $1,334(electric tankless for 2 bathrooms - upgraded) and also vary depending on your zipcode:
Local costs have been calculated by accounting for labor and material cost differences across different cities. To get accurate cost estimates, indicate yours: