Water heaters are one of the appliances in our homes and buildings that we don’t think about until something goes wrong. Typically, you can simply expect your water heater to work and not worry about whether the water will be hot when you turn on the faucet. That expectation is one reason why it’s so frustrating when something does go wrong. When you first notice that you’re not getting hot water anymore, you are faced with two choices: repair your existing water heater or purchase a replacement.
When considering water heater replacement, there are a few things to think about. First, there’s the issue of cost. In general, it is much cheaper to repair your existing water heater than to buy a new one. However, some issues cannot be repaired. If your water heater has sprung a leak, or if it is over 10 years old, there is no point in trying to repair it. There are also many advancements that have been made that make new water heaters much more cost effective to operate than older models. If your water heater is old, it may be more advantageous to replace it even if repair is possible.
If water heater replacement is the way to go, you have a few other things to consider. Purchasing a more efficient water heater may cost more up front, but save you money in the long run. Tankless water hea`ters are a good option because they are more energy efficient when compared with conventional storage water heaters and may qualify for a federal tax credit.
Be aware that water heater replacement may include hidden costs. Updated building codes in your area could require you to upgrade other parts of your system, such as the supply pipes or water heater mount. Make sure that you contact a qualified installer so you can keep your building up to code.