When your water heater breaks down, you may wonder whether repairing or replacing it is in your best interest. The choice between repairing or replacing your water heater depends on several factors.
The average cost to repair a water heater ranges from $250 to $950, while the cost to install a new water heater is between $1,300 and $5,000. Clearly, there's a considerable price range for both options. Here at Neighborhood Plumbing, we offer professional water heater services, including new water heater installation, water heater repair, and water heater replacement. In this article, we will provide you with professional advice on water heater repair vs. water heater replacement.
The average lifespan of storage tank water heaters is between 10 and 15 years, while tankless water heaters can last up to 20 years. If your water heater is only a few years old, it would be prudent to repair the unit instead of replacing it. On the other hand, if your system is approaching the end of its lifespan, you might want to consider replacing it. Just as you wouldn’t install a new engine in an old car, it may not make sense to invest in water heater repair for a water heater that’s nearing the end of its operational lifespan. Older units are more prone to developing issues, and investing in a new, reliable system can offer peace of mind.
Is your water heater struggling to maintain the set temperature? Have you noticed an increase in your energy or gas bills without a corresponding change in your usage patterns? This means the system has become less energy efficient, and replacing it would make more sense than spending hundreds of dollars on a repair. Keep in mind that your water heater makes up 15%-20% of your total energy bill, so inefficiency is not something you’ll want to ignore. Before you make a choice to repair or replace your water heater, have a professional plumber assess its energy efficiency. Newer water heater models are often more energy-efficient and can save you a lot of money on your utility bills over time.
A simple cost-benefit analysis can help you determine whether repairing or replacing a malfunctioning water heater is a smarter choice. If the cost of repairing your water heater exceeds 50% of the cost of replacing it with a new one, it's often more cost-effective to opt for a replacement. It’s also important to consider the frequency of repairs and the age of the system. Frequent repairs can quickly add up, making replacement a cost-effective choice in the long run.
Is your water heater acting up, and you’re looking for a trusted plumbing service to help you restore the unit to good working order? The experienced plumbers at Neighborhood Plumbing are ready to help you with all of your water heater needs. Whether you’re in need of water heater repair or water heater replacement, you can count on the skilled plumbers at Neighborhood Plumbing to do an exceptional job.