Basic
$2,276 – $4,065 each
50-gallon ENERGY STAR heat pump water heater, condensate line, new supply connectors and T&P discharge, old tank hauled away
How Much Does Energy Efficient Water Heater Cost in Colorado Springs, Colorado?
Install an ENERGY STAR heat pump (hybrid) water heater, about 50-65 gallons, replacing an existing tank; excludes rebates.
Energy Efficient Water Heater in Colorado Springs, Colorado typically costs $2,678 to $4,783 each as of 2026. Prices reflect local labor and material rates. Use our calculator below for a detailed, ZIP-code-adjusted estimate.
Energy Efficient Water Heater in Colorado Springs, Colorado
$2,678 – $4,783
eachPrices in Colorado Springs are 4.0% lower than the national average for energy efficient water heater.
National average: $2,800 – $5,000 each
What you get at each price level
Standard
$2,678 – $4,783 each
50-gallon ENERGY STAR heat pump water heater with a higher efficiency rating, Wi-Fi mode control, drain pan and condensate line
Premium
$3,348 – $5,978 each
50-gallon ENERGY STAR heat pump water heater with top efficiency rating, quieter compressor, leak alert and auto shutoff valve, drain pan
Cost Breakdown in Colorado Springs
| Component | Category | Price Range | Unit |
|---|---|---|---|
| Materials | material | $1,210 – $2,160 | each |
| Labor | labor | $931 – $1,663 | each |
| Supplies & Other | supplies | $323 – $576 | each |
| Equipment & Disposal | equipment | $215 – $384 | each |
Prices adjusted for Colorado Springs local market conditions.
Cost Factors in Colorado Springs, Colorado
What Affects Pricing
- Materials ($1,260.00-$2,250.00 per unit)
- Labor ($980.00-$1,750.00 per unit)
- Supplies & Other ($336.00-$600.00 per unit)
- Equipment & Disposal ($224.00-$400.00 per unit)
Local Price Adjustments
Material costs4.0% below avg
Labor costs5.0% below avg
Frequently Asked Questions
References
- Home Depot: Cost to Replace a Water Heater, The Home Depot, retrieved Nov 2026
- Rewiring America: Heat Pump Water Heater Cost, homes.rewiringamerica.org, retrieved Nov 2026
- Construction wages by metro and rural area, used for the labor adjustment by ZIP code, U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025
- Regional price parities for goods, used for the materials adjustment by ZIP code, U.S. Bureau of Economic Analysis, 2024
Get Free Estimates in Colorado Springs
Connect with local energy efficient water heater contractors in Colorado Springs for personalized quotes based on your specific project.