Start by Considering the Age of Your Water Heater
The age of your water heater is the first step when deciding whether to repair or replace your broken unit. The type of water heater you have directly affects the expected lifetime of the appliance, so if your water heater is out of warranty or close to the end of its life cycle, replacing it may be your best bet.
Traditional Tank Water Heaters
Most traditional storage tank water heaters are meant to last between 8 and 12 years. A newer unit under warranty should certainly be repaired. But as these water heaters approach the end of their typical lifespan, repairing them may not be worthwhile, because more failures are likely. Even if a major repair is successful, an older unit may require additional service or could soon fail completely.
Another issue is efficiency. Traditional tank heaters are an older technology and less efficient than tankless or hybrid heat pump units. And over time, hard water buildup and corrosion can shorten the projected lifetime of the unit and reduce their efficiency, making them more expensive to run.
Tankless Water Heaters
Tankless water heaters typically last the longest of all the water heater types, from 15 up to 20 years or more. That means staying on top of water heater maintenance, especially in regions with hard water, to extend their service life. A tankless model in good condition is worth repairing unless it’s toward the end of its expected lifetime.
Hybrid/Heat Pump Water Heaters
Hybrid water heaters typically last longer than traditional tanks and less than tankless units. Because of their higher purchase price and excellent energy efficiency, hybrid units tend to be better long-term investments, so repairing rather than immediately replacing is often worthwhile.