Replacing a standard 50-gallon electric storage tank water heater typically costs between $1,200 and $3,000 total, combining the price of the new water heater unit ($600 to $1,500) and professional plumbing installation labor ($600 to $1,500). Total costs vary depending on whether code upgrades are required, such as installing a thermal expansion tank, new shut-off valves, or upgraded electrical wiring. Verification: Obtain itemized replacement estimates from licensed plumbing contractors.
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