pannierpacker
New Member
I have an old brick chimney that is currently only being used by the gas water heater. The chimney is in bad repair and contractors are quoting me $2900 to fix the chimney. I'm getting a roof replacement over the next month and that is the reason I had the chimney evaluated. The water heater is 24 years old and could be swapped out for one that doesn't require atmospheric ventilation via a chimney. Another contractor quoted me $1500 to remove the chimney. I'm finding that electrical outlet installs are easily running $750-1000 depending on type (i.e. 120v vs 240v) which I'd need to install if I wanted to get a newer water heater (current one does not use electric). Furthermore, swapping the water heater will cost me $750 for the labor (cheapest labor I could find) and $400 to $1100 for the part (depending on if I go with a cheap electric or gas power vent). Lastly, a power vent gas water heater requires special piping to be installed out the side of the house and preliminary estimates are telling me that this could cost another $500-750 on the install. I'd consider doing some of this work myself but all of this work has to be permitted in the city where I live in. Also, anything on a steep roof scares me. So in a nutshell here is what I'm finding (see below). How would you suggest proceeding?
Option 1: Repair chimney and just wait for 24 yr old water heater to die:
Total: $2900
Estimated annual additional utility costs: same as now
Option 2: Delete chimney and replace water heater with electric:
$1500 - chimney delete
$1000 - install 240v electric
$750 - water heater replacement labor
$400 - water heater part
Total: $3560
Estimated annual additional utility costs for switching from gas to electric: ($100 a year. 2 person household with limited hot water usage. This is based on Xcel's guidance. Where I live, both electric+gas costs are close to national average)
Option 3: Delete chimney and replace water heater with power vent gas:
$1500 - chimney delete
$750 - install 120v electric
$750 - water heater replacement labor
$500 - water heater venting labor
$1100 - water heater part
Total: $4600
Estimated annual additional utility costs: roughly same as now plus a small additional power cost to run vent.
Option 4: Delete chimney and replace water heater with Hybrid/HeatPump?
$1500 - chimney delete
$1000 - install 240v electric
$750 - water heater replacement labor
$???? - additional labor from getting a hybrid water heater put in vs other kinds?
$1700 - water heater part
Total: $4950+ ?
Estimated annual additional utility costs: same as now, maybe slightly cheaper?
Maintenance costs: ??? I'm told these things need constant dust cleaning and finding people to replace parts is both difficult and expensive, especially where I live.
For the time being I'm not seriously considering the heat pump option because there are too many unknowns.
Option 1: Repair chimney and just wait for 24 yr old water heater to die:
Total: $2900
Estimated annual additional utility costs: same as now
Option 2: Delete chimney and replace water heater with electric:
$1500 - chimney delete
$1000 - install 240v electric
$750 - water heater replacement labor
$400 - water heater part
Total: $3560
Estimated annual additional utility costs for switching from gas to electric: ($100 a year. 2 person household with limited hot water usage. This is based on Xcel's guidance. Where I live, both electric+gas costs are close to national average)
Option 3: Delete chimney and replace water heater with power vent gas:
$1500 - chimney delete
$750 - install 120v electric
$750 - water heater replacement labor
$500 - water heater venting labor
$1100 - water heater part
Total: $4600
Estimated annual additional utility costs: roughly same as now plus a small additional power cost to run vent.
Option 4: Delete chimney and replace water heater with Hybrid/HeatPump?
$1500 - chimney delete
$1000 - install 240v electric
$750 - water heater replacement labor
$???? - additional labor from getting a hybrid water heater put in vs other kinds?
$1700 - water heater part
Total: $4950+ ?
Estimated annual additional utility costs: same as now, maybe slightly cheaper?
Maintenance costs: ??? I'm told these things need constant dust cleaning and finding people to replace parts is both difficult and expensive, especially where I live.
For the time being I'm not seriously considering the heat pump option because there are too many unknowns.