Water heater prices for 2023
A standard 40 or 50 gallon tank water heater costs between $1,200 and $2,000 installed. Tankless units cost between $2,500 and $4,500.
What affects the price
- Tank size and fuel type (gas or electric)
- Permits and code updates
- Removal of the old unit
Should you go tankless?
Tankless heaters cost more upfront but last longer and use less energy.