The cost to replace a water heater in Lake Havasu City ranges from $2,000 to $7,600. However, it largely depends on whether you choose a tank or tankless water heating system. In general, tankless water heaters cost more to install.
If you’re in the market for a new water heater, the cost is probably a big concern. So, to help take some mystery out of the equation and help you narrow down the right system for your needs, in this article, we’ll explore the key cost factors involved in a water heater replacement:
- Tank or Tankless
- Size & Capacity
- Energy Efficiency
- Location & Accessibility
- Gas Vs. Electric
- The Plumber You Hire
While it may be tempting to opt for the most affordable option upfront, it’s crucial to weigh the long-term benefits of energy efficiency and reliability. Investing in a quality water heater and professional installation can save you money in the long run by reducing energy consumption and minimizing the likelihood of frequent repairs.
Need help choosing the right water heater for your home? Call Air Control Home Services.
We’re proud to be Lake Havasu’s go-to plumbing company, with over 3,000 water heater installations completed each year. Our licensed and highly-trained plumbers install both tank and tankless water heaters, and we can even help you with financing and sourcing rebates. For proven 5-star service backed by 100% satisfaction guaranteed, call us at (928) 680-0600 or click below to request an estimate online today.
Tank or Tankless
Tank Water Heaters: $2,000-$5,700
Tank water heaters store and heat a large volume of water in a tank. The initial purchase cost is generally lower than tankless units, making them an attractive option for homeowners on a budget. The installation process is also fairly straightforward, simply involving the connection to existing plumbing and gas or electrical lines. Compared to tankless water heaters, the labor costs tend to be much less.
The main drawback of storage tank water heaters is standby heat loss. As the water in the tank is constantly kept hot, energy is expended even when hot water is not actively in use. This inefficiency can contribute to higher operational costs over time. Additionally, tank water heaters typically have a lifespan of 10-15 years. While routine maintenance can extend their longevity, they generally require replacement sooner than tankless units.
Tankless Water Heaters: $6,800- $7,600
Tankless water heaters, also known as “on-demand” or instantaneous water heaters, have gained popularity for their energy efficiency and modern, space-saving design. The key feature of tankless systems is their ability to heat water only when needed, eliminating standby heat loss, which can save you on energy bills.
Tankless water heaters typically boast a longer lifespan, around 20 years or more, with proper maintenance. This extended lifespan contributes to a better return on investment over time.
That said, the upfront cost of tankless water heaters is generally more. This cost includes the unit itself, installation complexities, and any necessary modifications, such as upgrading gas lines or electrical systems.
Size & Capacity
The larger the tank or flow rate needed, the more your water heater replacement will cost.
When choosing a tank water heater, larger families generally benefit from a higher-gallon tank to meet increased hot water demands, especially during peak usage times like mornings and evenings when simultaneous usage of showers, dishwashers, and laundry machines influence the required capacity. Although it may be tempting to choose a smaller, less expensive unit, you don’t want your household to run out of hot water, so
it’s important to size your tank water heater correctly.
For tankless water heaters, sizing involves considering the “flow rate,” or how much hot water flows out of your taps at a time. This is measured in gallons per minute (GPM). In general, the higher the flow rate, the more the unit will cost. Additionally, larger homes or homes with multiple bathrooms may need more than one tankless unit to meet the hot water demands efficiently.
Energy Efficiency
Water heaters come with different efficiency ratings, often represented by the Energy Factor (EF) for conventional tank models and the Uniform Energy Factor (UEF) for tankless units. While models with a higher EF or UEF rating may have a slightly higher upfront cost, they generally lead to significant energy savings over the long term.
That said, when it comes to energy efficiency, it’s often the size that matters most. Oversized water heaters (whether tank or tankless) may lead to unnecessary energy consumption and increased operational costs. Conversely, undersized units may struggle to meet peak demand, resulting in discomfort and potential wear and tear from overworking. For this reason, it’s important to consult with a professional plumber to
determine the optimal size and capacity for your specific needs.
Location & Accessibility
The physical location where the water heater will be installed can impact installation costs.
- Venting Requirements:
- Plumbing Connections:
- Space Considerations:
Proper venting is crucial for gas water heaters to ensure safe operation. Venting may involve additional materials and labor costs, especially if the installation site requires modifications.
The complexity of connecting the water heater to existing plumbing systems can influence installation costs. Upgrading or modifying plumbing may be necessary, particularly when switching from a tank to a tankless unit.
Limited space may necessitate creative solutions or additional modifications, impacting labor costs. Tankless water heaters, for instance, require less space but may require additional electrical work.
Gas Vs. Electric
The type of fuel your water heater uses can significantly impact installation costs. Gas
water heater installations often require upgrading gas lines and proper venting, contributing to a higher upfront cost. On the other hand, electric water heaters generally have a more straightforward installation process, resulting in lower upfront expenses.
That said, it’s important to factor in ongoing energy consumption. For example, natural gas prices have been on the rise here in Lake Havasu City, so depending on how much you pay for gas and electricity in your area, you may choose one route over the other.
The Plumber You Hire
While some homeowners may opt for DIY installations to save money, hiring a licensed and experienced professional is crucial for a successful and code-compliant installation.
Moreover, it’s worthwhile to hire a licensed and experienced plumber, even if they charge higher rates than others. Seasoned professionals bring a wealth of expertise, ensuring that the installation is executed flawlessly and in compliance with local codes. This reduces the risk of future problems down the road, so hiring a true professional is a wise decision if you’re looking for a safe and trouble-free water heater installation.
Other Cost Factors
- Brand:
- Warranty Coverage:
- Maintenance Needs:
Well-known brands often come with a higher price tag but may offer better
quality and reliability. Investing in a reputable brand can reduce the likelihood of frequent repairs and replacements.
Higher-quality water heaters often come with longer warranty periods. Understanding the warranty terms and conditions is crucial for potential future repairs or replacements.
Regular maintenance can prolong the lifespan of the water heater and ensure optimal performance. Factor in any maintenance requirements, such as flushing the tank or checking the sacrificial anode rod, when evaluating the overall cost.
Want a water heater replacement estimate? Call Air Control Home Services today!
We offer a variety of tank and tankless water heater options to suit your budget and preferences, ensuring you get the perfect water heating solution for your home. Plus, if you need a tank water heater, we can likely install it on the same day as your estimate.
Call Air Control’s licensed and highly trained plumbers today at (928) 680-0600 or click below to request an estimate online. We’re proud to be Lake Havasu’s 5-star rated plumbing company, treating customers like family since 1990!
