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On average, a gas water heater costs about $30 per month and an electric version costs approximately $42 per month to operate.
Check out our electric water heater energy cost calculator to compare the kWh usage and costs of different sized electric water heaters, from small 30-gallon units to larger 50-gallon water heaters. And get tips for saving money on your water heater energy usage!
The monthly state-by-state water heating cost ranges: From $17.17 to $20.42 per month for gas water heating. From $24.92 to $34.33 per month for electric water heating.
Estimates of a home water heater's energy efficiency and annual operating cost are shown on the yellow Energy Guide label. You can then compare costs with other models. This will help you determine the dollar savings and payback period of investing in a more efficient model, which may have a higher purchase price.
The average cost to replace a water heater is between $800 and $1,600. Costs depend on the type, energy source, capacity and installation factors.
Water heater operating costs average $13 to $50 per month or $160 to $600 per year, depending on the type, fuel source, and local utility rates. Tankless water heaters are 8% to 34% more energy-efficient than standard tanks for the average household.
This equates to approximately $43.20 per month or $518.40 per year if used for 3 hours per day. Money Saving Tips. Here are some tips to save money on your electric water heater energy bill: Turn down the thermostat: Lowering the water temperature by just a few degrees can significantly reduce energy usage and costs.
$960 - $3,910. Find costs near you. Get Free Estimates. Author. Alora Bopray. Reviewer. Roxanne Downer. Updated On. September 26, 2024. Why You Can Trust Us. There’s nothing worse than expecting a steaming hot shower in the morning and instead finding only ice-cold water.
Free, No-commitment Estimates. Find A Plumber. Yearly maintenance such as inspections and flushing can keep your water heater working as efficiently as possible and greatly increase its...
Average Cost: $300 - $4,999. Water heater costs vary widely, typically ranging from $300 to $5,000, depending on the type, capacity, and energy efficiency of the unit. Traditional tank water heaters, one of the most common types, usually cost between $300 and $1,500, while tankless water heaters, known for their energy efficiency, can range ...