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Water Heaters

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Tank Water Heaters

This is the most common type of water heater and features an insulated tank that heats and stores water until you need it. Tank water heaters are available in electric, liquid propane and natural gas models.

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Tankless Water Heaters

Instead of storing hot water, these units heat water as it passes through a series of coils. Because they only heat water when you need it, tankless heaters are typically more energy efficient. They’re available in electric, liquid propane and natural gas models.

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Need help choosing the right water heater? Use our Water Heater Finder.
Your new water heater may qualify for a local utility rebate. Search by category, brand or ZIP code.

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Choose the Best Tankless Water Heater


If you need to replace your current water heater or are looking to install one in your new home, Lowe’s can help. We have a full selection of electric water heaters, gas water heaters, tankless water heaters, hybrid heat pump water heaters and water heater accessories. Looking for the best tankless water heater? Not sure where to start? The steps below can help you decide.


Four Steps to Choosing a New Water Heater


  1. Identify the Fuel Source: Choose a water heater based on the fuel source in your home. To understand the differences between electric, gas/propane and hybrid fuel types, read our buying guide.

  2. Choose a Type of Heater: Storage tanks are the most common water heater type. They have an insulated tank where water is heated and stored until needed. Tankless heaters don’t store hot water. Instead, they heat water as it passes through a series of coils. Direct vent water heaters draw air for combustion from the exterior of your home. Exhaust gases and excess heat are then vented back outside. Get more in-depth information on the different types here. Already have a water heater and need it installed? Whether you need tankless water heater installation or gas water heater installation, we can help. Get started here.

  3. Determine Capacity: To make sure you always have enough water for showers and household chores, determine how much water your family uses on average. To see minimum gallon-capacity recommendations for both gas and electric water heaters, check out our guide.

  4. Measure Your Space: If your space can’t accommodate a standard water heater, we offer alternatives. Be sure to review our full range of gas tankless water heaters and electric tankless water heaters.


Looking to save more money? Many water heaters with ENERGY STAR® certification, such as the A. O. Smith heat pump water heater, may be eligible for a rebate in your area. See our rebates page to find out how much you may be able to save. We’re proud to offer A. O. Smith Signature Series water heaters, available exclusively through Lowe’s. A. O. Smith has been trusted for almost a century by businesses and customers to meet their hot-water needs. Need help finding the right water heater? Answer a few short questions about your lifestyle, using the A. O. Smith Product Selector Tool to find the right one for you. We also carry Rinnai water heaters and Eemax water heaters, as well as other brands. Do your research to choose the best one for your needs.


If you’d rather stick with your current water heater but you need water heater repair or water heater parts, we can help with both. In addition to residential water heaters, you’ll also find a variety of commercial water heaters for businesses, schools and restaurants. No matter what type of water heater you need, Lowe’s has you covered.


Water Heater Replacement Cost

So how much will a new water heater cost? Prices can vary greatly, based on design, tank size and other features. Once you decide on a model, you’ll also need to factor in the cost of labor if you’re having it installed. If you have the skills to install a water heater on your own, be sure to consider the cost of any additional tools and materials you may need for the job.