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For a basic 1 heater project in zip code 47474, the benchmark cost to Install an Electric Water Heater ranges between $1,045 - $1,233 per heater. 1. Set Project Zip Code Enter the Zip Code for the location where labor is hired and materials purchased.
On average, water heater replacement or installation costs $885, with most homeowners spending between $668 and $1,102. This data is based on actual project costs as reported by HomeAdvisor members.Hot water is an essential part of modern life, a necessity rather than a luxury.hether you are replacing an old water heater or installing a brand new system, you may be concerned about the price. There are a number of factors that play a part in the cost of installing a new hot water heater. There are two different types of water heaters: tank and tankless.