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I replaced my 40 gallon gas water heater in March 2010 for a total of $850. $650 for a brand new 40 gal. residential gas water heater and $200 to install it. If you're replacing a tank for $2500 there must be something extraordinary about it.
That depends on its age. The older your hot water heater, the more likely youâre losing hot water energy heater savings. Consumer Reports suggests that if your water heater has a 12-year warranty and youâve been using it for 15, itâs likely time to look for one of the more energy-efficient options to maximize hot water heater energy savings.