Hot water system replacement costs in 2026

When the hot water dies, cost depends on the system type and install complexity.

Supply + install

• Electric storage: $1,200–$2,500
• Gas continuous: $1,400–$3,000
• Heat pump: $3,000–$5,500 (rebates may apply)
• Solar hot water: $3,500–$7,000

Heat pump and solar cost more upfront but cut running costs. A licensed plumber can advise on rebates.