It goes without saying that a steady supply of hot water is a must for your family. However, if there’s an issue with the water heater, you need to decide whether to repair or replace it.
This is more important if the water heater has delivered more than 10 years of service.
In this blog, we will tell you how to make the best choice between repair and replacement.
How Long Will a Water Heater Last?
Generally, the life expectancy of a water heater can range between 10 to 15 years based on various factors. As per some reports, gas water heaters last around 10 years. On the other hand, tankless water heaters can last close to 20 years.
The life of the water heater depends on a variety of factors like the product design, location of use, quality of installation, and water quality. In addition, the schedule of maintenance followed will also affect the life of the heater.
As the heater ages, there might be leakage issues with it. Besides, the overall efficiency can also come down. In such cases, replacing the unit that is at the end of its life cycle is the best option.
Making a Cost-effective choice Between Repair and Replacement
The expense of repairing the water heater will depend on the type of problem. If your water heater is between 5 to 6 years old, there are some inexpensive repairs that can be done. Some of these are listed below.
- A faulty thermostat
- A tripped circuit breaker
- Faults with the burner or the heating element
- A malfunctioning pilot light
- Issues with the valve
- Minor leakage from the peripheral components
Usually, these types of repairs can cost a moderate amount, no more than $500.
However, when your water heater is more than 10 years old, there are multiple factors you need to consider.
- If your water heater is taking more time to heat the same volume of water, it has become less efficient. This will also increase your energy bills. Replacing it with a more energy-efficient heater is a better choice.
- With time, the chemicals in the water will react with the metal body of the heater. This will corrode the main tank and lead to leaks. When this happens, replacing the unit is the right option.
- In case the repair costs more than 50% of the price of a replacement, then replacement is the better option.
A new water heater can cost anywhere between $500 to $1,500 including the installation charges. While this may look expensive, keep in mind that a high-efficiency model can save you 15 to 20 percent in energy costs.
To sum up, if your water heater is old and the repairing costs are too high, it’s time to replace it.
Call Us for Support
Repairing or installing a water heater is not a simple task. So, it’s best that you take the help of trained professionals instead of making it a DYI project.