Repair? Or replace? No, repair. No, wait, replace. Repair! … Replace? I don’t know. Help me make the right choice, please!
Deciding whether to repair or replace your old water heater can be difficult and stressful. A typical water heater life expectancy is about 10 years, according to the International Association of Certified Home Inspectors.
Naturally, there is a tipping point at which it’s hard to see the long-term value of the price to repair an older water heater. That’s when the cost of repair is too high and the expected remaining life of your hot water system is too low. That tipping point is basically when you’ve reached “water heater life expectancy.”
The truth is that several factors determine the life of your water heater. You might be able to extend the life of your unit by 5 to 10 years if all factors are in your favor. Those factors include the system’s level of maintenance, the local water quality and weather, as well as the unit’s design and the quality of its installation and repairs.
Yet another truth is that you can reduce your monthly energy bills even more by installing a tankless water heater that runs at maximum efficiency.
According to Energy.gov, a tankless water heater life expectancy can be significantly longer than that of an old-fashioned water heater that uses a water storage tank. You can expect at least 20 years of use from a tankless water heater.
Plus, maintenance and repair costs for a tankless system are less than for a tank-type system.
It’s time to answer that dreaded question once and for all. Repair or replace? If you need to decide soon about repairing or replacing your water heater, your budget will obviously play a factor in your ability to make a long-term purchase instead of a short-term repair.
If you have the budget to think long-term and the time to research your water heater options, consider the many advantages of a tankless water heater.
To discuss whether or not a tankless water heating system is right for your home in the Indianapolis area, call us at (317) 892-9193 or write us a message.