Is $2,050 a Fair Price for Replacing My Water Heater?

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Asked By CuriousCat99 On

I'm looking to replace my old 30-gallon GE electric water heater with a new 50-gallon model. I received a quote for $2,050 that includes everything (plus some extra costs for the stand and permits according to my city regulations). Does this price sound reasonable to anyone?

5 Answers

Answered By RealEstateRandy On

In a moderately high cost of living area, that sounds like a fair price honestly.

Answered By WiseOldOwl45 On

Sounds decent overall! Just make sure you're getting a good brand; it can really make a difference.

Answered By EcoFriendlyDude On

Have you considered switching to a heat pump water heater? They cost more upfront, but they use about a third of the electricity for the same hot water, so you'll save in the long run! Just keep in mind they might not match the performance of gas units if that's an option for you.

BudgetBuddy12 -

Good point! Just make sure gas isn't super expensive where you live before making the switch—sometimes it's worth sticking with gas.

Answered By WaterWizard42 On

That price seems pretty reasonable! A new water heater usually starts around $500, and if the quote includes installation and the disposal of your old one, it sounds fair to me.

HelpfulHarry83 -

That's great to hear! They've confirmed they'll take the old unit away, and it sounds like you're going with a Rheem Pro Series? I've had good luck with them too.

Answered By DIYQueen88 On

I've seen a lot of similar posts lately, but folks were quoted anywhere from $5,000 to $10,000 for similar work. Not sure how they get those prices! Honestly, swapping out a water heater can be a DIY project if you're up for it; it only took me a couple of hours last time I did it.

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