I just replaced mine. 500 dollars for the hot water heater, I brought it up to code so I put on two earthquake straps and an expansion tank for another 100 dollars. It took me about 4 hours with all of the upgrades. The hardest part was putting the tank up on the pedestal by myself. (It’s natural gas so you want it raised up in case you have a gas leak, keeps it from exploding) If you have someone to help you it would be an easy job to do.
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