Whether Water Heater Replacement Cost Is Worth Your While

Many people worry about water heater replacement cost, and with good reason. Though it is possible to find affordable rates readily available on some systems, the last thing you want to do is to buy a system that is going to fail you in the short term. That is why it is best to work closely with a professional plumber to get an idea of what is best for your individual home and needs. For some, doing away with the traditional tank system and instead investing in a tankless system is the better route to take. Again, everyone’s needs are different, though, which is why it helps to hire a local professional.
What Is the Water Heater Replacement Cost?
The cost of replacing a water heater depends on many factors, including the type of system purchased, the amount of piping and re-design needs, and the overall fuel source. In addition, you’ll need to choose between systems that vary, including numerous sizes and styles. This all changes the cost of these systems. Before you invest though, don’t base your decision solely on the cost of a new replacement tank, but on the cost of long term maintenance of that system as well as in energy savings it may offer to you. There are a few key considerations to make here.
Consider the Upgrade to a Tankless Water Heater
A tankless hot water heater is different from the traditional storage tank system that many homeowners use. In a traditional tank, the water is continously heated and maintained at that temperature, requiring the use of energy on an ongoing basis. In a tankless design, on the other hand, the water is only heated when there is someone using it. This means less stored water to maintain the heat from. That means a lower energy cost. In addition, these systems have a more compact design and often feature nothing more than a wall-mounted unit. That makes for some space savings, according to BobVilla.com.
When considering water heater replacement cost it is also important to consider if these systems, which do require a new design and installation throughout your home, are cost effective to install. According to ConsumerReports.org, if you plan to invest in a high end storage tank system, you’ll likely save money by investing in a tankless system instead.
Ultimately, the water heater replacement cost you pay needs to be something you consider now and in the long term. These tankless systems do cost more to install, but may pay for themselves over the long term in reduced energy use compared to some storage tank models. It can seem confusing, but the best route for most homeowners to take is to simply work with a local professional to determine which options is right for your home and for your budget needs.