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Gas water heaters cost between $600 and $2,700 to replace, for an average cost of about $1,650. Electric water heaters cost between $600 and $3,500 to replace , for an average cost of about $2,100.
With energy prices higher than this time last year, a tankless water heater may be your best bet to save on bills. Here are the best options to consider.
For example, a Rinnai America tankless non-condensing natural gas water heater goes for roughly $1,000 at Home Depot, while a comparable condensing tank goes for about $1,800.
Tankless gas electronic ignition water heaters. Gas water heaters have an exhaust vent or one to two exhaust pipes on the top, and still require electric power for electronics, sensing and ignition. A three-phase, 21 kW, 400-volt tankless water heater in Europe, with new European color coding for three-phase power.
Solar heat is clean and renewable. This is the most modern system. Increasingly, solar powered water heaters are being used. Their solar thermal collectors are installed outside dwellings, typically on the roof or walls or nearby, and the potable hot water storage tank is typically a pre-existing or new conventional water heater, or a water heater specifically designed for solar thermal.
Gas tankless water heaters shall have an energy factor of 82% or greater under the 2015 standards, which corresponds to the pre-2015 Energy Star standard. In 2022 the Department of Energy proposed rules that would take effect in 2026 and would effectively eliminate inefficient non-condensing gas water heaters in commercial buildings.
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