Affordable 40-Gallon Electric Water Heaters: Top 3 Picks

Hot water tanks are essential household appliances that typically remain in place for many years. We often overlook their maintenance until issues arise. If your current unit has exceeded its warranty period, it might be time to consider a replacement.

Below are three cost-effective electric storage water heaters featuring 40-gallon capacities, ideal for households of 2 to 4 people. They efficiently meet daily hot water needs such as showers, dishwashing, and laundry.

Kenmore 58640
Priced at approximately $290, the Kenmore 58640 40-gallon electric water heater features a cobalt blue glass-lined tank and an anode rod that resist corrosion. It includes a self-cleaning cold water inlet that swirl-clean water to extend tank longevity and improve energy efficiency by reducing lime accumulation. The unit is insulated with 3 inches of foam to minimize heat loss and has two 4500-watt heating elements. It comes with a 6-year limited warranty.

Rheem Performance
Available for around $334, the Rheem Performance 40-gallon electric hot water heater offers ease of maintenance. It provides 53 gallons of hot water per hour, powered by dual 4500-watt elements, with a thermostat to maintain consistent temperature. Designed for 240-volt wiring, it features a high-grade anode rod for tank protection, along with a 6-year warranty on parts and tank, plus a 1-year labor warranty.

It boasts durable construction, low standby heat loss, and high recovery rates, making it a reliable choice for daily household hot water needs.

Westinghouse Residential Electric Water Heater
Priced at $669, this model is built with 316L stainless steel that ensures corrosion resistance and energy-efficient operation. It requires a 240-volt power supply, incorporates advanced design features, durable components, and boasts industry-leading lifetime warranty. Its high recovery rate and reduced standby heat loss make it a premium, long-lasting option.