Slash Your Bills With Water Heater Replacement Estimate Now
Cost Considerations and Savings Potential
The cost of a new water heater varies depending on the type and size. For instance, a traditional tank water heater might cost between $300 and $1,500, while a tankless model could range from $1,000 to $3,0003. Although the initial investment might seem high, the long-term savings on your energy bills can offset these costs. Energy-efficient models can reduce water heating expenses by up to 50%4.
It's also worth exploring potential rebates and incentives available in your area for upgrading to energy-efficient appliances. These can further reduce the overall cost of replacement and enhance your savings.