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Old hot water heaters bring in big bucks, especially the kind in cabinets. They are really just a huge container that holds water. Have them recycled, take them in the same as you would an aluminum can and get major bucks for them, in the hundreds of dollars I heard
Source: My neighbor had a friend who made a lot of money doing this.
By Robyn Fed from Hampton, TN
First of all, let's get the term straight. They are not 'hot' water heaters. Only 'water heaters'. A water heater consists of a sturdy steel inner tank, connected to a water supply. Whether gas or electricity is used for fuel, intake water is heated. A thermostat keeps the water at the desired temperature. The outer jacket is only cosmetic, will only contain the insulation outside the tank, which keeps heat loss to a minimum. They will never be a way to get rich. They must be torn apart before any junk dealer will accept them, unless you agree to get about 10 percent of what the parts are worth.
Recycle a hot water heater to help the environment and possibly put some cash in your pocket. Water heaters have a sheet-metal exterior that weighs enough to make recycling them profitable. Consumers can deliver used water heaters to recycling facilities in tact. The reclamation workers will dismantle the units and collect all renewable materials. Many appliance dealers also recycle water heaters, offering trade-in value. Some recyclers charge a fee for receiving a water heater, but others offer a payment.
Read more: How to Recycle a Hot Water Heater | eHow.com www.ehow.com/