Whether you’re moving into your first home or you own an apartment complex, you’ll need a working water heater. Until it comes time to install one, you may not even realize how often you use it.
Home Depot is one of the top choices of big-name stores that offer water heater installation. Depending on the selection available, you’ll spend somewhere between $1,000 and $3,000.
No matter what type of situation you’re in, everyone has a budget. There’s no use in spending more money than you have to in order to get the job done.
If you’re looking for price comparisons, honest reviews, and a straightforward price breakdown, you’re in the right place. Let’s take a look at the different types of water heaters first.
Table of Contents
- Types of Water Heaters
- Conventional Storage Tank Water Heater
- Tankless Water Heater (On-Demand Water Heater)
- Heat Pump Water Heater (Hybrid Water Heater)
- Solar Powered Water Heater
- Condensing Water Heater
- Cost Breakdown
- Other Water Heater Installation Options
- Related Questions
- Will Home Depot take my old water heater?
- Can I install a water heater myself?
- What is the lifespan of a water heater?
Types of Water Heaters
There are several different types of water heaters available on the market. We’re going to take a deep dive into the five main styles. This will help you decide what you should be looking for on your next trip to Home Depot.
Conventional Storage Tank Water Heater
The first style of water heater is the most popular: the conventional storage-tank water heater. This style features a main tank that holds the water. Something to note is that the tanks are available in different capacities.
If you have a large family or use a lot of hot water, you may want to consider a water heater with a larger tank capacity.
These water heaters are insulated and use two different valves:
- A temperature control valve
- A pressure control valve
These valves become activated when specific numbers are reached. For instance, when the water in the tank reaches over 120-degrees, it will release heat to cool it down.
You’ll need to clean this type of water tank twice per year. It’s easy to install and is often the most affordable option.
Tankless Water Heater (On-Demand Water Heater)
If you live with a lot of people, you may know the struggles of waiting to shower only to realize all the hot water is gone. This is where a tankless water heater comes in handy.
The best part about having one of these is that the hot water is virtually endless. As you can guess by the name, there isn’t a tank on one of these bad boys. It uses super-heated coils that fill and heat water incredibly fast. This is why it also has the nickname “on-demand water heater.”
Just like other options, there are a variety of different sizes to choose from. If you use natural gas in your home, this may be a water heater you’ll want to consider.
These types of water heaters are much better for the environment as well. The two main downsides are that they’re harder to clean and have a higher price tag.
Heat Pump Water Heater (Hybrid Water Heater)
Thirdly, we have the heat pump water heater. This is a hybrid that can help keep electricity costs down because it doesn’t generate heat.
Wait… a water heater that doesn’t create heat? Yes! It uses the heat in the air and the ground to warm up the water.
They can use up to 60% less electricity than traditional water heaters. Something to note about a heat pump water heater is that they generally take up a bit more room. You may need up to eight feet up vertical clearance.
While they’re great for the planet and your electric bill, there is one major downside. If you live in a colder climate, this isn’t the best option for you.
If you do install one in somewhere like Minnesota or Alaska, you may end up with lukewarm water. It’s best used by people in warmer areas, such as Arizona, due to how it works.
Solar Powered Water Heater
Speaking of energy efficiency, there is a solar-powered option. If you already have panels on your home or are considering installing them, read on.
You guessed it! A solar-powered water heater uses roof-mounted solar panels to get energy. There’s a heat-conductive material that heats up the water tank.
Again, if you live somewhere with a lot of sun, this could be an excellent option for you. If you reside somewhere like Seattle, you may want to check out the other options. It’s important to know that these water heaters require a backup energy source, such as gas, for overcast days.
Condensing Water Heater
Lastly, we have a condensing water heater. This type uses the unused gas fumes to help heat the water. This is the best option for families that already use natural gas.
There isn’t a lot of energy used to heat the water, so your electric or gas bill shouldn’t increase. There is a tank, much like the other options above. You’ll find a variety of sizes as well.
The experts at Home Depot can help you find the perfect size for the number of household members you have. Condensing water heaters should be cleaned around once every six months.
Like we talked about earlier, you likely have a budget for a water heater. While Home Depot is a great place to shop, I wanted to give you a few more choices.
You might want to pay a little more to ensure everything is done right. The last thing you want is to have to replace your heater if you notice it going out again.
Let’s take a look at the cost breakdown for the most common water heater installations. Keep in mind this can vary from city to city. These numbers are for a conventional water tank heater.
|Who’s Doing the Installation||Average Cost to You|
Other Water Heater Installation Options
While those prices give you a good idea of what you can expect to pay, there’s a caveat. What if you want one of the non-traditional types of water heaters?
This can vary depending on location, supplier, and more. These estimates aren’t set in stone. It’s always a good idea to openly talk about price with the installation team.
|Type||Average Unit Price||Installation Cost|
|Tankless||$250 – $2,500||$400 – $1,500|
|Hybrid||$700 – $3,000||$150 – $600|
|Solar Powered||$1,000 – $6,000||$2,000 – $4,000|
|Condensing||$300 – $1,500||$150 – $450|
Will Home Depot take my old water heater?
One of the best things about having Home Depot install a water heater is they recycle your old one. These things can be heavy, and if you’re already paying for the service, you may as well get the most out of it.
Home Depot is also known to recycle old water heaters. Rest easy on making a great moral decision.
Can I install a water heater myself?
Many people like taking matters into their own hands. If you want to install a water heater yourself, you’ll need to look into local codes and ordinances.
Most allow homeowners to do it themselves, but you may need a permit for safety. There could also be an inspection required, as well.
What is the lifespan of a water heater?
The average water heater lasts eight to twelve years. It varies depending on the location and design of the unit. Things like routine maintenance, water quality, and installation play a role as well.