When to Get a New Water Heater
by Jennifer Wiley
Make sure that you are getting the most for your money, along with all of the hot showers you could ever want, by knowing when to replace your water heater. Though you'll have to pay for the new heater, it could cost you more in the long run if you don't.
Water Heater Is Rusted
Take a close look at the water heater. If there is rust anywhere on it, especially on the bottom and the sides, it's time to buy a new one. Rust can eventually eat all the way through the metal, causing scalding hot water to flood the room and potentially harm somebody. Rust is not something that is repairable, so you will want to bite the bullet, scrap the heater and go with a replacement.
Does Not Efficiently Heat Water
Sometimes the water heater is still in good physical shape, but is no longer efficient compared with the newer models out there. If you want to save money in the long run by reducing your energy costs, purchase a more efficient hot water tank. You'll find your investment was worth it.
Family Outgrows Current Heater Size
When you first moved into your home, the hot water tank might have been enough for two people and one bathroom. If your family has grown and you have added a bathroom or two in the house, the water heater may no longer be big enough to suit your needs. The exact size needed will depend on the number of people who live in your home.
Switching Heating Sources
Switching from gas to electric means you will have to replace your hot water tank. An electric tank cannot be converted to a gas tank and vice versa. A common reason for the switch would be in converting to an all-electric house, or you may even consider a solar-powered water heater.
Take Advantage of Tax Credit
While a tax credit on an income tax return will not completely pay for the upgrade to an energy-efficient water heater, it will cover part of the cost. Those who feel that a new hot water tank will be needed in the near future should replace the water heater sooner rather than later in order to take advantage of tax credits for energy efficiency. Tax credits are not given for solar-powered hot water tanks. Review the tax credit options and guidelines before making a purchase.