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What is the average cost to replace a Hot Water Heater?

January 02, 2020

What is the average cost to replace a Hot Water Heater?

Is your hot water turned ice cold? Nobody likes cold showers, so you’ll want to fix the problem right away. The first step is to determine if you need to purchase a new water heater or if your current unit can be fixed? A plumber can diagnose the problem and let you know if the unit is fixable. Usually, a repair costs around $500, but if you need a water heater replacement in Chicago, you should expect to pay more. We will dive into everything you need to know about replacing and repairing water heaters in Chicago. Are you thinking about a DIY water heater repair? When it comes to dealing with plumbing, gas lines, and other risky tasks, it’s best to leave this job up to the professional plumbers in Chicago. So How Much Does Replacing a Water Heater Cost?

water heater replacement chicago

Quick Facts:

  • The lifespan of a water heater is around 8 to 10 years. 
  • The most common in-home water heater is a tank water heaters. 
  • If the anode rod in your tank-style heater wears out, you need to replace the water heater. 
  • The anode rod is what prevents corrosion inside a tank-style heater. Your water may be rusty and have a metallic taste if it’s worn out. 
  • On average, in the US, the ranging plumber hourly rate is $45 to $150 per hour. 
  • Electric tankless water heaters are the most cost-effective option. 
  • Different factors can drive up the cost of installation. 



Finding a reliable plumber in Chicago


Narwhal Plumbing is one of the top-rated commercial and residential plumbing Companies in Chicago. One of our expert plumbers will come to assess your current water heater and determine whether or not you need a repair or a replacement. If you’re used to washing the dishes in hot water, taking hot showers, and bathing your dog in toasty water, you’ll most likely want to find a water heater replacement right away. Narwhal Plumbing is made up of a team of fully transparent plumbers in Chicago. Many plumbers will take advantage of unknowing homeowners and drive up costs.


Different types of hot water heaters | Gas vs. electric


There are two main types of hot water heaters for commercial and residential use - gas and electric. Gas water heaters are usually cheaper to operate than electric but typically cost much more upfront than their electric counterparts. The price difference is not so much; however, on average, gas water heaters can save around $100 per year compared to electric water heaters. 


Gas water heater cost:


Gas-powered units cost more to install than electric water heaters. This is mainly due to the fact they are more complex; gas heaters must be tapped into an existing gas line, or have a line run to them. They also require extra precautions and modifications to vent exhaust fumes away from the property into the outside air. A gas storage tank water heater usually costs $800 - $1,000 to install. It’s a quick process, and it usually only takes a few hours. By comparison, a new tankless gas water heater will run you between $1,200 - $1,800. 


Electric water heater cost:

An electric water heater is much more cost-effective than a gas one. Tankless models cost between $200 - $300 on the lower side and can climb up to around $800 for a higher-end model. A standard electric water heater with a 40 – 50-gallon tank can run anywhere from $400 on the cheaper side and go up to around $1,500. 


Price breakdown:

Your commercial and residential plumbing company in Chicago, no matter where you go, should include the total cost during your initial consultation. Check out these stats below to get a better understanding of the price breakdown. 

  • Labor costs - Most plumbers charge $75- $110 per hour. (set up, installation, and clean up)
  • All necessary permits $200 – $425 (varies on location). 
  • Removal and disposal of the old water heater $250 - $800. 



Tank vs. tankless - Choosing the right water heater for you

Are you unsure which water tank will keep your family warm this winter and for years to come? Water heater replacements can be a burden, but we’re here to help make this process as seamless as possible. Are you trying to save a few bucks on your new water heater, or should you pay more on a tankless model? Check out our list of pros to consider for both models to help make your decision easier. On-demand or tankless water heaters heat water on demand as you need it. These are usually significantly more expensive than models with tanks. 


Tankless water heater pros:

  • More convenient, always have hot water on demand. 
  • More energy efficient. A tankless water heater is 24 - 34% more energy-efficient than a storage-tank water heater. 
  • Save money on electricity and bills. 
  • Lasts longer than a tank water heater, tankless will last on average 20+ years. 
  • Longer warranty
  • Never run out of hot water or have to wait for your water to heat up again. 
  • Best for people living in an RV or smaller home as the tank doesn’t take up space. They can even be installed outside!


Storage tank water heater pros:


  • They will usually be 2-3 times cheaper to install, compared to a tankless device. 
  • You will still have hot water even if you lose power or the gas stops flowing. 
  • More comfortable and faster to install. 
  • Quicker and cheaper to repair than a tankless hot water heater. 
  • Better for larger households who run exclusively on electricity. 
  • It must be installed indoors. 


Call us today!  

We are your commercial and residential plumbing company ready to serve our friends in the Chicago area. Call us today for a fair quote on your next hot water heater installation. We pride ourselves in being the best plumbers in Chicago offering professional, trustworthy, and efficient service to our customers. 







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