It’s always hard to determine when to replace expensive appliances, but as the 50% rule states that if any repair costs 50% of what it would cost to replace, then you should replace it, rather than repair it. However, even if your current repair does not add up to 50% of a new water heater, you won’t keep in mind the frequency of repairs and your water heater's age. Look at the following key factors so that you can easily determine if you need to replace your home’s water heater by keeping in mind these key factors.
Water Heater’s Age
Water heaters usually last 10 years and tankless water heaters last 20+ years. If your water heater is near the end of its life, it would be wise to replace instead of repair, especially if the repair is costly.
Increased Water Heating Bills
If for the past months or weeks, you have noticed that you have to turn the shower dial further and further to get the same temperature water, this clearly means your water heater has become less energy-efficient and therefore works longer and harder to get the same results. And all these resumes in “higher energy bills”.
Cost and Frequency of Repair
Whenever your water heater breaks down, always perform a simple cost-benefit analysis to determine if repairing or replacing in a smarter choice. One of the ways to do this is by using the 50% rule. The 50% rule states that if any repair costs 50% of what it would cost to replace, then you should replace it, rather than repair it. Has your water heater broken down frequently over the past two years? Is it nearing the end of its expected lifespan? If so, these repairs may be a sign that further repairs might not be worth it.
Weigh the Factors Together
If your water heater is past its prime, has become less energy efficient, and requires frequent pricey repairs, then it’s time to upgrade. We know how painful it is to upgrade, but trust me, it is even worse to keep throwing money away by trying to repair an old dinosaur.
If you are ready to replace your current water heater, we recommend you to consider the option of replacing it with a tankless water heater, as you will be obtaining many benefits such as saving money over time, thanks to far superior energy efficiency. They have a significantly longer useful lifespan than tank water heaters, lasting almost twice as long in some cases, and last but not least, they require significantly less storage space than a storage-tank water heater.
JCN Plumbing is a Licensed and Insured company, that has been servicing the Miami Dade and Broward area for about 20 years now. One of our specialties is to replace or install new water heaters, either electric or tankless, you name it. Call our office today to request information about our Free Estimates and we will be ready to help you and answer all your questions.
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