A tankless water heater is an amazing piece of machinery. Not only do tankless water heaters deliver hot water faster than a standard storage tank heater, but they can also provide virtually limitless amounts of hot water to your house.
Even though the shelf life of a tankless water heater is anywhere around twenty years, they're still susceptible to breakdowns and will need to be replaced eventually. Knowing when that's going to happen can be tough, so here are a few times when it makes sense to skip the repair job and go straight for the water heater replacement.
When Your Unit is Getting Old
As mentioned above, tankless water heaters will last around 20 years if maintained properly, so if your tankless water heater is reaching the halfway point, it's worthwhile to think about getting a replacement. Over time, water heater repairs are only going to become more frequent and more costly, piling up a slew of repair bills to stave off the inevitable complete breakdown. Springing for a water heater replacement will not only ensure that your model is newer and functions better, but you'll most likely have a new warranty that will give you peace of mind for years to come.
When the Repairs Get Expensive
Every homeowner should expect to schedule periodic repairs on all of their fixtures in their house, and water heaters are no different. Make sure you keep track of how the bills are building up; if they start to get too expensive, it may make more financial sense for you to simply replace the unit altogether. A good rule of thumb is this: if your repair bills are more than 50% the cost of a new water heater, it makes sense to replace it instead of paying for repairs.
When You Want to Upgrade
Even though tankless water heaters are a relatively new technology on the market, that doesn't mean that they won't be upgraded from time to time. Newer models are equipped with electronic reading devices that can signal not only potential problems with your unit but can also maximize energy savings as well. In order to take advantage of these features, you'll need to get a replacement, but if you're going to replace your unit in the next few years, or you are going to sell your home soon, it might be worth it to install a new one now.
For more information about water heater replacement, contact a local installation service.