Water heater replacement cost calculator
National range: $1,750–$3,150 (typical $2,250) for a 50-gallon gas tank water heater. Prices as of 2026-05, wages May 2025.
Estimate the installed cost of a new gas, electric or heat pump water heater at your ZIP code, and check a quote.
Before you decide
- Gas tanks cost less to buy; electric tanks cost less to install where there is no gas line.
- A heat pump water heater costs more up front and far less to run; it may need a 240V circuit or room for airflow.
- Ask whether removal of the old tank, a permit and an expansion tank are included.
Disclosure: we may earn a commission if you request quotes through this link. It does not change our estimate. More.
How we estimate · Sources and dates
Cost data: NREL, Residential Efficiency Measures Database 2024 (OEDI submission 8336), licensed CC BY 4.0. We changed it: prices are uplifted to today with BLS PPI, localised with BLS OEWS wages, and rounded. NREL does not endorse this site.
Cross-checks and like-for-like anchors: U.S. Energy Information Administration, Updated Buildings Sector Appliance and Equipment Costs and Efficiencies (2023).