Electric Water Heater Cost
Electric water heaters provide consistent and dependable hot water for daily home use and comfort. Shop online or in store at Lowe's. The cost to replace a water heater is between $1,600 and $5,400.
Learn more about the cost of having a new tank water heater, tankless water heater, or hybrid heat pump water heater installed by our licensed professionals. The average cost to replace a water heater is between $880 and $1,800. Costs depend on the type, energy source, capacity and installation factors.
Compare electric vs gas water heater costs in 2026. Real installed costs, annual operating costs, 10-year total ownership comparison, and which type wins for your home. Looking for a top-value electric storage tank water heater? Rheem's 50-gallon Gladiator has most of the same performance and durability features as its gas counterpart.
Typical cost range for an electric hot water heater project spans from about $1,000 to $4,100, depending on the heater size, installation complexity, and regional labor rates.
