When a water heater is nearing the end of its life expectancy, performance, safety, and efficiency may start to decline. While repairs are sometimes an option for improving these scenarios, there will come a time when replacement is necessary. Understanding when to replace your water heater versus repairing it can help you make a cost-effective decision. You’ll also avoid complete failure of your water heater and protect your home from water damage.
Consider Water Heater Age
Most tank-based water heaters have a lifespan of approximately 8 to 12 years. Tankless water heaters have a slightly longer life expectancy of 15 to 20 years. If you find yourself scheduling frequent repairs of your aging water heater, replacement may be a better option. After your water heater reaches 10 years old, repairs are unlikely to extend the lifespan of your equipment substantially. Even if a repair is effective in the short term, you can experience problems soon after.
The Cost of Replacement vs. Repairs
Repairs are ideal when your water heater is new and the cost of the repairs is relatively affordable. As the cost of repairs starts to increase, replacement may be the more cost-effective option. We generally recommend that if a repair costs more than 50% of the price of a new water heater, replacement is ideal.
Replacing an older water heater can help you save money on your monthly utility bills. Modern systems tend to be very energy efficient. There may also be tax rebates and incentives available to lower the initial investment in a new water heater.
Some common and affordable repairs include replacing your thermostat or heating element. In these scenarios, it will cost less to schedule a repair than to replace your water heater. Tank leaks are more involved and expensive, as are gas valve problems. If your water heater is aging and experiencing these issues, consider replacement.
The Safety of Your Water Heater
When safety is a concern, it’s ideal that you replace your water heater rather than limp your unit along with repairs. A leaking tank indicates corrosion that compromises the integrity of your tank. While it may seem affordable to patch holes or damage, leaks can quickly lead to extensive water damage and mold growth.
Dealing with water quality issues because of tank damage is another reason to purchase a replacement. Poor water quality can impact your health and safety.
The routine maintenance task of flushing your water heater can remove mineral deposits and sediment. However, if you’re still experiencing loud rumbling sounds or visible contaminants in your water, consider a replacement.
A failing water heater can be a safety hazard in your home. If pressure is building up to an unsafe level because of a component failure or from overheating, consult with a professional. We’ll help you determine if replacement is the only viable option for ensuring your safety.
Aging water heaters may have damaged electrical connections, leading to shorting or sparks. Avoid electrocution or a house fire with a new water heater.
Noticing Rising Energy Bills
A water heater naturally loses its efficiency as it gets older. If you’re noticing a steady increase in your energy consumption and bills are increasing, investigate your water heater. Look for longer recovery times in between use and lukewarm water. Have our team assess your water heater to determine if replacement is necessary.
When Repairs Are Ideal
If your water heater is less than eight years old, repairs are likely the more cost-effective and practical option. Minor problems benefit from repairs. This includes replacing your anode rod, replacing a heating element, or repairing a thermostat. We’ll inspect your water heater. If there are no leaks and you keep up with routine maintenance, we may be able to discuss repairs.
Household and Lifestyle Considerations
Your current water heater may be functioning just fine. However, a replacement may be the better choice if you meet specific household or lifestyle requirements. For example, growing your family or having extended family move into your residence will increase your hot water needs. You’ll likely need a larger tank to keep up with frequent showers, washing dishes, cleaning, and running your washing machine.
If you’re looking to save money, it may be cost-effective to switch the energy source that you’re currently using. Moving from an electric unit to a gas-powered model may be more affordable in some locations, or vice versa.
If your current water heater is showing signs of wear, has compliance code issues, or is experiencing frequent problems, it may be difficult to sell your home. You may need to choose a lower price point for your listing based on the age of your water heater. If you’re considering placing your residence on the market soon, consider replacing your current water heater. The return on investment may be well worth the cost of a new unit.
New Water Heater Warranty Coverage
Most manufacturers provide warranty coverage for their water heaters. This coverage is beneficial if something malfunctions or fails with your unit. The coverage will cover the costs of the parts and labor. Older units are usually out of the warranty period. You will be responsible for repair costs in those situations. If you’re paying for frequent malfunctions out of pocket, consider the savings associated with purchasing a new unit with warranty coverage.
Home Renovations and Upgrades
Making physical changes to your residence may impact your hot water needs. While planning a home renovation, consider replacing your current unit. This may be practical if you need to change the size of your heater with demand in mind. You may not have a lot of space to work with. Replacing your current setup with a tankless water heater can free up floor space.
Additionally, tankless models are very efficient and will save you a substantial amount of money over time. You’ll reap the benefits of immediate hot water instead of waiting for a tank to refill. If you’re upgrading your bathroom to include a larger shower or tub, your current tank capacity may not be sufficient. Work with our team to determine if replacing your water heater is necessary.
Call Us Today
If you’re debating whether to replace or repair your current water heater, our team at Marr's Heating, AC, Plumbing and Electrical can help. We’ll perform an assessment of your water heater to see what kind of condition it’s in. Maintenance or repairs may be all that’s necessary to boost efficiency or reliability. If your water heater is aging or experiencing frequent problems, let’s talk about replacing it. We’ll help to ensure your new water heater is the right size and type for your home and needs. Contact us at Marr's Heating, AC, Plumbing and Electrical in Bellingham, WA, to schedule an appointment with our team today.
