Replacing this household essential can throw a wrench in your budget if you don't plan for it. Learn how much it costs to replace a water heater.

Rosanne is an interior design and home improvement writer with 8 years of experience. During that time she has worked with numerous businesses and publications. Rosanne has been with Forbes Home ...

Replacement payback: The number of years of energy savings (from a new water heater) needed to cover the purchase and installation costs of replacing an existing water heater. New construction ...

Replacement payback: The number of years of energy savings (from a new water heater) needed to cover the purchase and installation costs of replacing an existing water heater. New construction ...

As long as you’ve properly cared for your unit, areas covered by tankless water heater warranties may include: The heat exchanger. Other replacement parts. Labor to diagnose problems ...