Have you noticed your hot water tank not performing like it used to? Is water not as hot, taking longer to heat up or not sustaining its temperature? If so, you’ve probably already considered a repair or a replacement. It is important to remember that if your water heater isn’t working as well as it has in the past, that doesn’t mean you need to replace it. Some heaters only need to be repaired.
The big question is: is it worth it to repair your hot water tank?
Repairing A Hot Water Tank
The biggest factor affecting a hot water tank’s performance is its age. Though every model is different, and capability erosion will depend on usage, most hot water heaters last between 10 and 15 years. If you’re having issues with your heater and it is around the end of its lifecycle, it is probably most efficient to replace the unit. A newer hot water unit will save money with upgraded efficiency, plus for a limited time you can receive up to $1,000 in grants for a new tankless water heater (more on that below.)
Any repair on an older unit will only be a temporary fix and a full replacement will be in your near future. So, you’ll be spending the money soon, which means the cost of the repair is likely not worth it for you.
If your unit is in the middle or start of its lifecycle, a repair may be a more viable option. Replacing a broken thermostat of a 3 year old unit is a relatively inexpensive job and your unit will go back to working to its regular capacity for up to another decade. Most problems with your hot water tank will have simple fixes, and are worth doing if your unit is new or in the middle of its lifecycle. We only recommend replacing a newer unit if there is a major problem, such as a significant leak, where the repair would come close to costing the same as a new unit.
The Alberta Energy Efficiency Grant
We have discussed water heaters a few times lately because of the amazing opportunity presented by the Alberta Energy Efficiency Grant, which offers up to $1,000 in grant money to you when you replace your old hot water tank with a tankless unit. If replacement seems to be in your near future, now is the time to take advantage of this great offer. The new unit will also offer ongoing savings through better efficiency.
As always, regular maintenance of your unit is your best option to prolong a water heater’s lifecycle and ensure it is regularly working to its full capacity. A good place to start is annually flushing the tank to remove sediment. If you’d like to know more about maintaining your unit, follow our blog for more tips.
If you think your system may only need to be repaired, you can get a free quote from Furnace Solutions here. This will allow you to accurately compare the costs of replacing and repairing.
If you’re interested in learning more about a new water heater and how to apply for the Energy Efficiency grant, contact us today.