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At the low end of national averages, you could pay as little as $928 for an electric water heater with a 30-gallon capacity, whereas at the high end, you could pay more than $4,700 for an external tankless water heater capable of heating 9. com, or visit our website at www. Average Cost of Tankless Water Heaters. An anode rod is a sacrificial steel core wire wrapped with aluminum, magnesium, or zinc. how to play myleague 2k23 Labor costs for water heater replacement projects range from $45 to $150 per hour. Welcome to Rite Way Heating, Cooling & Plumbing, Southern Arizona’s leading home service company for all your AC/Heat, plumbing, and electrical needs in Tucson, AZ, and its surrounding areas. This is an exception to Costco's return policy. I recently replaced my 50 gallon electric water heater for a total of $650. The water heaters at Lowe’s range in price from $159 for a tankless water heater from AquaPower to $5,879. It can cost up to $1,500 to repair or replace a water heater. 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