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The most common type of home heating system is a forced-air heating and cooling system. This type of heater involves a furnace, which is commonly powered by natural gas, forcing air through a series of ducts that distribute the hot air through different rooms in a house. Furnaces can run on other types of fuel, including electricity, propane and oil. This type of heating system is quite popular because it doubles as a path for air conditioning in the summer.

Geothermal heating tends to be the most efficient way to heat a house when compared to traditional HVAC systems, according to the U.S. Department of Energy. Geothermal heat pumps (also called ground-source heat pumps) transfer energy to and from the ground to supply heat, cool air and hot water.

Note that one of the most important ways to boost efficiency, save electricity and lower your heating bills is to make sure your house is weather-tight and well-insulated.

Your water heater is an essential part of your home, heating water for showers, dishwashing, laundry and more. On average, a traditional water heater will last 8-12 years. The general consensus is that it’s better to replace your water heater with a new one than to repair one that’s 10 years old or more. Older models are less energy-efficient and thus more costly to run than newer models with better technology. Here are some indicators of when it may be time to replace an old water heater instead of repairing it:

• Leaks: If leaking is not caused by loose connections, the water may be seeping out through slight fractures in the metal of the tank that have formed over time.
• Strange noises: Clanking, rumbling and other noises can mean that sediment has formed on the base of your tank, contributing to fissures leaks, and inefficiency.
• Age: If it’s more than 10 years old, it’s probably time to replace.
• Discolored or rusty water: Have a pro check it out; if the problem isn’t resolved by draining and cleaning, you’ll want to replace the heater.
• Lack of hot water: Inconsistent heating and hot water supply that runs out too quickly likely means it’s time for a new unit.

Although regular water heater maintenance and water heater repair may extend the life of your hot water heater, it won’t last forever. Most water heaters have a life expectancy of about 10 years. Many water heaters need to be replaced when they’re 8-12 years old — that’s when they start to show signs of fatal wear, such as leaking around the base of the tank. A water heater should be replaced when it fails to sufficiently heat water for the home; if your heater is operating erratically, check first for a blown fuse or a tripped breaker to make sure an electrical issue isn’t causing the problem. Another time to replace a water heater is when you want to upgrade to either a larger model or a more energy-efficient one.

The cost of a heating system depends largely on the type and size of the heating system. For example:

• A geothermal heating and cooling system costs about $15,000 and ranges from $7,000 to $30,000. 
• Electric radiant floor heating costs between $9,000 and $20,000 for a 1,600-square-foot home.
• An HVAC heating and cooling system costs around $3,000, with a range between $400 and $6,000.
• Heat pumps cost $1,780 to $3,630 to install.
• And furnace prices range from approximately $700 to $3,000.

To find out how much your new heating system will cost, contact heating and air companies near you and ask for free cost estimates.

Depending on the service you need (unclogging a drain, fixing a pipe, installing new pipes, etc.), plumbers charge anywhere from $45-$165 per hour. Plumbers often operate on a fixed rate model, too. Some won’t charge hourly rates because the variables involved in their work makes it less practical to do so. 

Plumbers will scope out the work, calculate the cost of parts, and roll it together with other fees to give you an estimate for the job. They may even offer standard flat rates for things like installing a toilet or a sink. Reach out to plumbers near you to get an accurate cost estimate for your project or repair.

You’ll know when it’s time to install a new water heater. Water heater installation costs average between $360 and $780 nationally, with rates increasing depending on the project. The total project cost will be higher when you include the cost of the heater itself. Select your new water heater based on the number of occupants in your home and the number of gallons of capacity you’ll need. Installation costs can vary based on the type of water heater you are removing and the type you are installing, any necessary repairs, regional cost of labor, and whether disposal of the old heater is included. Natural gas water heaters retail on average between $650 and $900 for standard models. Electric water heaters range between $300 and $700 for standard models. Tankless electric water heaters retail on average between $250 and $700 for standard models. Tankless gas water heaters retail on average between $200 and $1,300.

A company may charge approximately $1,000 to replace a 50-gallon tank-style electric water heater (not including any upgrades required by building codes). Replacing a gas-powered water heater might cost $1,100 (not including code upgrades). Some companies roll the disposal of an old heater into the overall cost of the new water heater installation. Other professionals charge an additional removal fee that can range from $35 to $150.

The cost of a new water heater depends largely on the type and size of the heater. The average national cost for a new water heater installation including a 40- to 50-gallon tank is $350-$780. Most homes don’t need larger tanks, but they are available — for a price. The average difference between a 50-gallon tank and a 75-gallon tank (the next most common size) ranges from $400 to $600. Hundred-gallon tanks are also available, and they can cost double or triple the price of a 50-gallon tank from the same manufacturer. New water heaters tend to be far more energy-efficient, so they can cut energy costs; homeowners may also be eligible for a new water heater rebate from their local utility company.

Typically, tankless water heaters, which heat water only when you need it, cost more but can save about 25 percent of annual water heating costs, on average. They also lose only 5 percent of their energy compared with a tank unit’s 30 percent energy loss. Note, too, that a water heater with a tank has a life expectancy of 10 years, while tankless units generally last about twice as long.

The final expense to consider is a possible disposal fee to get rid of the old water heater; some companies include it in the price, while others charge an average of $35-$150.

Tankless water heaters usually cost more to install than traditional tanks, because many homes need to be retrofitted to accommodate the new system. Tankless electric water heaters retail on average between $150 and $1,200, and tankless natural gas water heaters retail between $200 and $1,300 on average. The lower prices ($150-$250) are generally for point-of-use tankless heaters that can be installed to boost hot water in high-demand areas such as the bathroom or kitchen sink. Tankless water heaters designed to heat whole homes usually start under $300 at the low end and go up to $1,400 or more. Pricing for whole-home varies with the heater’s technology and features. Nationally, standard water heater installation costs average $360-$780, but tankless water heater installation costs may range from $400 to $1,000, depending on the work needed. Some perks of tankless water heaters are that they have nearly double the life expectancy of traditional water heaters and are generally more cost-efficient. Homeowners may be able to save $100 or more per year on their utility bills with an Energy Star approved tankless heater, depending on how much hot water they use.

A new heating system generally takes a few days to install. Jobs that require new ductwork will take more time. And switching to a different type of heat fuel — propane, natural gas, oil or electricity — may require longer installation times as well, as they could require routing piping, regulators and other adjustments to your home.