When it comes to choosing an electric water heater, one of the most important considerations is the cost. An efficient water heater can significantly impact your energy bills, so it’s essential to balance quality and price to find the best electric water heater that fits your budget. Whether you’re replacing an old unit or installing a new one, understanding the factors that influence electric water heater cost can help you make an informed decision and get the best value for your investment.
The best electric water heaters are available in a range of price points, depending on the size, brand, and features. Generally, a standard electric water heater can cost anywhere from $300 to $1,500 or more, with factors like tank size, energy efficiency, and advanced features affecting the overall price. While larger tanks or models with additional features, such as smart controls or high-efficiency ratings, may have a higher upfront cost, they can lead to long-term savings through lower energy consumption.
When evaluating electric water heater costs, it’s important to factor in both the initial purchase price and the installation costs. Professional installation can add several hundred dollars to the total cost, especially if complex wiring or plumbing is required. However, investing in a high-quality, energy-efficient model can help reduce long-term maintenance and energy costs, making it a wise choice in the long run.
In this guide, we’ll explore the best electric water heater costs, covering the different types of units available, factors that influence pricing, and tips for finding the most cost-effective option for your home.
Ensure optimal performance and energy savings with the best electric water heater, balancing upfront costs with long-term value for your household.
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Reviews
Affordable A.O. Smith Tankless Electric Water Heater – 1.6 GPM & 1.4 kW
Experience continuous hot water for one shower with the A. O. Smith Signature Series tankless electric hot water heater. Perfect for small homes, apartments, or cabins, this compact heater conserves storage space and saves energy by only heating water when needed. Enjoy easy wall mount installation with standard 3/4-inch NPT water connections, and benefit from maintenance-free operation and simple heating element replacement. Reduce mineral deposits and extend product life with the heater’s scale reduction technology and heat element power sharing.
E6-40R45DV A.O. Smith Signature 100 Electric Water Heater – 6-Year Warranty
Introducing the A. O. Smith Signature 100 40-gallon Short electric water heater, designed for energy savings and ease of use. Ideal for households with 2 to 3 occupants, this high-efficiency unit is perfect for small spaces and offers superior tank protection. Featuring a 0.92 Uniform Energy Factor, it reduces heat loss and ensures maximum energy savings for your daily needs. With a 4500-watt double element and adjustable thermostat, it offers a customizable temperature control for dishwashers, laundry machines, and more. Proudly backed by a 6-year warranty, the A. O. Smith Signature 100 is a reliable and cost-effective choice for your home’s hot water needs.
High-Efficiency Rheem 18kW Electric Instant Water Heater
The Rheem 18kW Electric Instantaneous Water Heater RTEX-18 is a high-performing, energy-efficient option for your hot water needs. With an impressive flow rate of up to 4.4 gallons per minute, this unit allows for efficient single-point use or multiple applications simultaneously. The tough copper immersion heating elements, combined with a brass top, ensure durability and ease of replacement if necessary. Designed with a range of applications in mind, such as kitchen faucets, showers, dishwashers, and washing machines, this sleek and efficient electric water heater is a must-have for all your residential hot water requirements.
Rheem 24kW Electric Tankless Water Heater
The Rheem RTEX-24 24kW Electric Tankless Water Heater is a game-changer for homeowners seeking an endless supply of hot water. With its external digital thermostatic control and LED display, it provides precise temperature control, while the advanced self-modulation adjusts power to meet your hot water demand. The durable copper immersion two heating elements are field serviceable, making maintenance a breeze. And with a compact, sleek design, this tankless heater can easily fit under a sink or in a closet, offering space and energy savings. Say goodbye to expensive storage tanks and constantly drawing energy, as this heater only draws power when hot water flows. With a 5-year limited warranty and rave reviews from customers, this Rheem tankless water heater is a top choice for any household.
Ecosmart ECO18 Electric Tankless Water Heater – Compact, Energy-Saving Solution
EcoSmart’s ECO18 Electric Tankless Water Heater is a nifty solution for all your hot water needs. With its compact size, it effortlessly saves space without compromising its power to deliver quick, piping hot water on demand. Featuring patented self-modulating technology, this heater adjusts energy usage based on your hot water needs, ensuring that you don’t waste electricity or resources.
EcoSmart 27 Tankless Electric Water Heater – Save Space and Energy Efficiency
Introducing the EcoSmart Tankless Electric Water Heater, an innovative solution for saving both energy and space. This compact device is designed for climates with incoming water temperatures as low as 37°F, providing a continuous flow of hot water at up to 50% cost savings. The self-modulating technology automatically adjusts the energy output to match hot water needs, while the digital temperature control allows precise adjustments in 1-degree increments. The sleek, compact unit is easy to install, requiring just 3 – 40 amp Double Pole Breakers and 3 – 8 gauge wires, making it an excellent choice for homes, apartments, and more. Upgrading your home with the EcoSmart Tankless Electric Water Heater ensures endless, consistent, and on-demand warm water, helping reduce water and energy waste. Don’t miss out on the efficiency and convenience this product brings to your daily life.
SCR2 Titan N-120 Electric Tankless Water Heater
Experience the convenience and efficiency of the Titan Electric N-120 Tankless Water Heater. With a 4.6-star rating and 117 reviews, this tankless water heater is a top choice for both residential and commercial use. Its compact design and easy installation make it a great space-saver, while the energy savings ensure a lower energy bill. The Titan’s patented design offers endless hot water, ensuring a comfortable shower or wash anytime. Enjoy the peace of mind that comes with its UL compliant and ETL Lead Free Certified performance.
Titan 18 Tankless Electric Water Heater for Instant Hot Showers
The Titan 18 Electric Water Heater, known for its dependability and energy efficiency, is an excellent choice for both household and commercial purposes. Its streamlined design enables effortless installation, conserving precious space while delivering hot water promptly whenever needed. While some consumers have expressed dissatisfaction, the majority praise its hassle-free setup and energy-saving features, making it a wise investment for individuals seeking to enhance their water heating system.
Eco-Friendly Electric Tankless Water Heater with Patented Self-Modulating Technology
EcoSmart’s 11 Electric Water Heater (ECO 11) is a convenient and powerful solution for your home’s hot water needs. With its patented Self Modulating technology, this ECO 11 can provide continuous hot water, perfect for multiple or single applications depending on the climate. Easily installed with flexible lines or connected to existing 3/4″ piping, this water heater offers a space-saving, compact design. Suitable for both residential and smaller commercial settings, the ECO 11 offers an efficient heating system with low noise levels and great visual appeal.
EcoSmart Eco24: 24 KW 240V High-Efficiency Tankless Water Heater
Step into a more energy-efficient and space-saving experience with the EcoSmart ECO24 24 KW 240V Electric Tankless Water Heater. Designed to provide warmth when you need it most, this water heater delivers up to 3 gallons per minute at low temperatures without any hassle. Thanks to its compact size, you’ll save valuable storage space in your home. Its patented self-modulating technology ensures energy is used efficiently, adapting to your hot water needs while reducing your energy consumption and saving you money in the long run. Say goodbye to complicated installation processes – with direct-point installation – you’ll save valuable time and effort.
Rheem RTEX-36 Tankless Electric Water Heater with Digital Thermostatic Control & 36 kW Heating Capacity
If you’re seeking an efficient heating solution for your home or business, the Rheem RTEX-36 36kW Tankless Electric Water Heater is a top choice. Equipped with an external digital thermostatic control featuring an LED display, this water heater offers exceptional precision and control over your desired water temperature. The advanced self-modulation capability enables the heater to adjust its power output, ensuring it meets your hot water demand optimally. In addition, its durable copper immersion heating elements guarantee durability and effortless replacement.
Installation of this heater is straightforward, and its stylish design complements any setting. The ultimate convenience lies in its ability to provide continuous on-demand hot water to cater to a range of single or multiple applications. Moreover, this water heater boasts an impressive energy efficiency rating of 99.8%, making it a cost-effective and eco-friendly option for your needs.
Rheem RTEX-13 Professional Electric Tankless Water Heater
The Rheem RTEX-13 Professional Classic Electric Tankless Water Heater brings hot water to your home on demand, saving power with 99.8% energy efficiency. Its compact profile saves space, while the included automatic thermostat maintains water at the desired temperature. With two heating elements, durability is built-in, making this unit a reliable choice for your household.
Buyer’s Guide
Selecting the ideal electric water heater for your household or business needs can be a daunting task. With various models to choose from and various factors to consider, understanding the cost implications can help you make an informed decision. In this guide, we will discuss essential features, considerations, and general advice on electric water heaters to assist you in finding the most suitable model at the right price.
Type of Electric Water Heater
There are three main types of electric water heaters: storage tank, tankless, and heat pump. Storage tanks are the most common and cost-effective option. They store hot water in an insulated tank, ensuring a constant supply of hot water. Tankless models heat water on demand, eliminating the standing water, and can be more energy-efficient. Heat pump models, also known as hybrid electric water heaters, use electricity to transfer heat from the air and water, offering better energy efficiency and cost.
Size and Capacity
The size and capacity of an electric water heater should be based on your household or business needs. Consider the number of users, the size of your establishment, and peak usage times when selecting a model with adequate storage capacity. If you need large quantities of hot water, choose a model with a larger gas storage tank and higher first-hour rating (FHR).
Energy Efficiency
Energy efficiency is a crucial factor when selecting an electric water heater. Look for models with high energy factor (EF) and thermal efficiency ratings. A higher EF rating indicates that the majority of energy consumed is used to heat the water, which can significantly reduce your electricity bill over time. Additionally, choose models with programmable features such as vacation mode, temperature adjustments, and smart technology integration to optimize energy consumption.
Cost Considerations
When choosing an electric water heater, consider not only the initial purchase price but also ongoing costs such as electricity usage, maintenance, and repair. Opting for a more expensive, energy-efficient model can result in lower energy bills and longer-lasting components. Furthermore, investing in proper installation, regular maintenance, and timely replacement can help avoid costly repairs and unexpected failures.
FAQ
What is the average cost of an electric water heater?
The average cost of an electric water heater can range from $300 to $1,500, depending on the model, size, and features. There are various factors that can influence the price, such as the capacity, energy efficiency, and additional features like a digital display or remote control. It’s essential to consider your household’s hot water needs and budget when selecting the right electric water heater for your home.
Additionally, it’s important to note that installation costs may vary depending on the location and complexity of the project. Professional installation can range from $300 to $700 or more, so be sure to factor in that cost when budgeting for your new electric water heater. Consult with a licensed plumber for an accurate quote on installation.
What are the benefits of using an electric water heater?
Electric water heaters offer several advantages over other types of water heaters, such as gas or tankless models. Some of the key benefits include energy efficiency, low operating costs, and a lower carbon footprint. Electric water heaters typically have high energy efficiency ratings, which can help reduce energy bills over time. They also have a minimal environmental impact, as they emit fewer greenhouse gases compared to gas water heaters. Additionally, electric water heaters are generally easier to install and maintain than other types of water heaters, making them a convenient choice for many homeowners.
Electric water heaters are also known for their easy controls and reliable performance. Modern electric water heaters often feature advanced digital displays and control options, allowing users to easily adjust temperature settings and monitor energy consumption. This can help prevent issues like temperature fluctuations or unexpected energy spikes, resulting in a more consistent and efficient hot water experience for your household.
Is there a difference in cost between tank and tankless electric water heaters?
Yes, there can be a notable difference in cost between tank and tankless electric water heaters. Tankless electric water heaters, also known as demand-type or on-demand water heaters, heat water only when it is needed, rather than continuously keeping a tank full of hot water. This can result in more energy efficiency and lower energy bills, but it can also come at a higher upfront cost compared to conventional tank-type electric water heaters.
Tankless electric water heaters tend to be more expensive due to their advanced technology and smaller size, which can make installation more challenging. However, their energy efficiency and space-saving design can make them a worthwhile investment for many homeowners. Be sure to consider your household’s hot water needs and budget when comparing tank and tankless electric water heaters to determine the best choice for your home.
What is the recommended size of an electric water heater for my household?
The recommended size of an electric water heater depends on the number of people in your household and their hot water usage habits. Generally, a capacity ranging from 40 to 50 gallons is suitable for most households. A larger capacity water heater provides ample hot water for larger families or households with multiple bathrooms and frequent hot water usage. On the other hand, a smaller capacity water heater may be sufficient for smaller households or homes with fewer demand for hot water.
It is essential to consider your household’s specific hot water needs when selecting the right capacity for your electric water heater. Consult with a trusted plumber or retailer for guidance on the best size for your home. They can help you determine the optimal capacity based on factors like the number of bedrooms, bathrooms, and the preferences of your household members.
How long do electric water heaters typically last?
The lifespan of an electric water heater depends on various factors, such as the quality of the unit, proper maintenance, and usage patterns. Generally, a well-maintained electric water heater can last between 10 to 15 years. Regular maintenance, such as flushing the tank to remove mineral buildup and checking the anode rod for corrosion, can help extend the lifespan of your water heater and ensure optimal performance.
It is essential to perform routine maintenance according to the manufacturer’s recommended schedule and address any issues promptly. Proper care and attention can help you enjoy a reliable and efficient hot water supply for years to come. Consult with a licensed plumber or the manufacturer’s guidelines for specific maintenance recommendations for your electric water heater.
What is the warranty period for electric water heaters?
Typically, the warranty period for electric water heaters ranges from 6 to 10 years. Warranty coverage may vary depending on the manufacturer and specific model. Some may offer longer or shorter warranty periods, as well as different types of coverage for various components or issues. It is crucial to thoroughly review the warranty information provided by the manufacturer before purchasing an electric water heater to understand what is covered and for how long.
A well-functioning warranty is an essential consideration, as it can help protect your investment and provide peace of mind. If an issue arises with your electric water heater during the warranty period, having comprehensive coverage can help minimize any potential inconvenience and costs associated with repairs or replacements. Be sure to keep your warranty information in a safe and accessible place to reference it when needed.
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