Water Heater Cost: Water Heater Price Guide

Water heater cost ranges from $400 to $2,300 (equipment only) depending upon the tank capacity and fuel type selected. Tankless water heater cost ranges from $300 to $3,000 (equipment only) depending upon the gallons per minute and fuel type selected. To get a more accurate cost for your water heater project, request a quote.

By HomeBlue Team

January 13, 2022 11:31 PM

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How Much Does a Water Heater Cost?

This guide is intended to provide you an approximate water heater cost in your area. To get a quote for your specific project, Click Here for a Free Estimate. Our research, which includes feedback provided by water heater installers, resulted in the following water heater prices.

Water heater cost (equipment only):

Water heater cost ranges from $400 to $2,300 (equipment only) depending upon the tank capacity and fuel type selected.

Electric water heater cost (equipment only) based on tank capacity:

Water heater cost (20 gallon electric): $400 to $800.
Water heater cost (30 gallon electric): $500 to $900.
Water heater cost (40 gallon electric): $700 to $1,000.
Water heater cost (50 gallon electric): $900 to $1,400.
Water heater cost (60 gallon electric): $1,100 to $1,700.
Water heater cost (75 gallon electric): $1,300 to $1,900.
Water heater cost (80 gallon electric): $1,600 to $2,200.

Gas water heater prices (equipment only) based on tank capacity:

Water heater prices (30 gallon gas): $600 to $1,000.
Water heater prices (40 gallon gas): $700 to $1,100.
Water heater prices (50 gallon gas): $900 to $1,600.
Water heater prices (60 gallon gas): $1,100 to $1,900.
Water heater prices (75 gallon gas): $1,600 to $2,100.
Water heater prices (80 gallon gas): $1,700 to $2,300.

Tankless water heater cost (equipment only):

Tankless water heater cost ranges from $300 to $3,000 (equipment only) depending upon the gallons per minute and fuel type selected.

Electric tankless water heater cost (equipment only) based on the GPM:

Tankless water heater cost (1-2 GPM electric): $300 to $400.
Tankless water heater cost (2-3 GPM electric): $400 to $500.
Tankless water heater cost (3-4 GPM electric): $500 to $600.
Tankless water heater cost (4-5 GPM electric): $600 to $700.
Tankless water heater cost (5-6 GPM electric): $700 to $800.
Tankless water heater cost (6-7 GPM electric): $800 to $900.

Gas tankless water heater prices (equipment only) based on the GPM:

Tankless water heater prices (5-6 GPM gas): $600 to $800.
Tankless water heater prices (6-7 GPM gas): $700 to $900.
Tankless water heater prices (7-8 GPM gas): $900 to $1,100.
Tankless water heater prices (8-9 GPM gas): $1,000 to $1,300.
Tankless water heater prices (9-10 GPM gas): $1,200 to $1,600.
Tankless water heater prices (10-11 GPM gas): $1,500 to $2,000.

Standard water heater replacement cost:

If you would like to know how much standard water heater installation costs, check out our Water Heater Replacement Cost Guide

Tankless water heater installation cost:

If you would like to know how much tankless water heater installation costs, check out our Tankless Water Heater Cost Guide

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Factors that Influence Water Heater Prices

When water heater companies are purchasing equipment for your water heater project, there are a number of factors that can increase or decrease the cost. Pricing will vary based on your geographic location, the size water heater you select, and the capacity of your water heater. Here are a few things to keep in mind when you get quotes from water heater services:

Your prices may be higher when:

A higher capacity water heater is selected.
Gas fuel type is selected over electric.
Equipment is in short supply.
You want a premium grade water heater with more advanced options.

Your prices may be lower when:

A lower capacity water heater is selected.
Electric fuel type is selected over gas.
You select standard grade equipment.
Equipment is in normal supply.

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How Much Does a Water Heater Cost Near Me?

Water heater prices varies from area to area. We have developed a number of water heater cost guides to help you identify the cost of a hot water heater near you.