If a conventional (tanked) water heater is more than 10 years old and requires repair, it is typically a good candidate for replacement. For routinely maintained tankless water heaters, the timeframe is longer, as these units are more durable.
A conventional water heater heats a tank of water and keeps that tank hot at all times. The heating section will cycle as needed to keep the water in the desired temperature range, even when it’s not in use for extended periods. The tanked water heater is limited to providing the water already heated, and once it is empty, it cannot instantly heat water.
A tankless water heater can supply hot water instantly and endlessly. It does so by using a much larger burner and does not need to run if there is no demand. Current generation heaters are exceptional at supplying water to large families – thus ending disputes over hot water.
The choice is performance versus cost. Tankless water heaters offer higher performance in a smaller footprint. If a lower cost installation is needed or if there is inadequate gas delivery (natural or propane), a tanked water heater is likely the best option. If top performance and continuous hot water are priorities, tankless heaters are the best.
Efficient AC, Electric & Plumbing offers a one-year parts and labor warranty on all water heater installations. In addition, new systems come with prorated warranties from the manufacturer. Typically, this includes a 6-year warranty on tank systems. On tankless systems, manufacturers typically cover the heat exchanger for 15 years and the entire unit for 5 years.
Typical replacement for a conventional water heater (40-50 gallon) is approximately $1,700, including the necessary code-related components. Some plumbers quote lower prices and then add all the necessary upgrades to the bill, so make sure any quotes you receive or compare include everything required. Tankless water heaters cost several thousand, typically in the $5,000 range. We provide complimentary quotes specific to each installation.
Yes, financing is available with approved credit for water heater replacements.
A new water heater will not pay for itself on energy savings alone, regardless of what others may claim. However, when faced with a repair, the efficiency savings can significantly add to the value proposition of replacement. Tankless water heaters will consume less gas but not save enough to alone justify the price. However, those who have enjoyed the benefits of a properly installed tankless heater will typically never go back. Hot water forever!