The water heater in your home will last forever in a perfect world. Unfortunately, we don’t live in an ideal world, and the average lifespan of a traditional tank water heater is between 8 and 10 years. When the unit nears the end of its lifespan, it won’t function as efficiently as possible and can cause problems that can prevent the unit from heating the water or making it unsafe.
When your water heater reaches the end of its lifespan, it’s time to replace the water heater. According to Energy Star, over 8 million old water tanks are replaced every year. When it’s time for you to replace your water heater, there are several things you should consider before choosing your new water heater.
#1 The Type of Water Heater
This is the first decision to be made before a new water heater installation, and you have two options for your Bloomington, IL home.
The first is a traditional tank unit. Tank units fill with cold water, and the water is heated and stored until you need it. The most significant benefit of a tank water heater is the cost of the unit and installation. There are also downsides to tank water heaters, including:
- The unit runs an average of three to five hours a day, depending on your family’s hot water demand, which can increase your energy bills.
- Tank units are large and take up a lot of space.
- If you use too much hot water, you can run out.
The other option is a tankless water heater. Tankless units only turn on when you need to use the hot water, saving a significant amount of money on your energy bills. In addition, tankless models are about the size of a small suitcase and can be hung on the wall to save space. Finally, tankless units last for 20 years, which is twice the lifespan of a tank model.
The only downside to tankless models is that they are more expensive than traditional tank water heaters, and the installation is also more costly.
It will help if you research both options to choose the best type for the new water heater installation.
#2 Energy Efficiency
When planning a water heater installation in your Bloomington, IL home, you want to find an energy-efficient unit. Energy efficiency is essential in keeping your electric bills down, saving you money every month.
If you plan to go with a traditional tank unit, it will be more energy-efficient than the one you are replacing. Water heater technology is constantly evolving, and you will see a decrease in your energy bills in the first month after the installation.
If you want to install the most energy-efficient water heater, you should go with a tankless model. Tankless units provide hot water on demand, and they don’t have to run for several hours every day, which can save 8 to 34 percent on your energy bills. If you are willing to pay the extra cost for the unit and installation, a tankless model is best if you are looking for energy efficiency.
#3 The Best Size For Your Family
If you plan for a traditional tank water heater installation, you need to choose the right size to avoid running out of hot water quickly and not waste money keeping a large tank full when you don’t need it.
You can determine the best tank size by the number of people living in your home.
- If one or two people live in your home, a 30 to 40-gallon water tank is best.
- If two or three people live in your home, a 40 to 50-gallon tank is recommended.
- If three or four people live in your home, a 50 to 60-gallon tank is large enough.
- If five or more people live in your home, a 60 to 80-gallon tank will ensure you have enough hot water for your family’s hot water demand.
Choosing the correct size is essential in ensuring you have enough hot water, and running the unit isn’t costing more than necessary.
#4 Your Budget
Your budget has a lot to do with a new water heater installation. You want to be sure you can afford the unit you choose and the cost to have it installed.
Tank water heater costs depend on the size tank you need in your home. The average costs of tank models include:
- 20 to 30-gallon tank: $270 to $900
- 30 to 50-gallon tank: $320 to $2,200
- 50+ gallon tank: $400 to $3,000
The installation cost depends on the plumber who installs the unit, and the average price is between $45 and $150 per hour.
If you choose a tankless water heater, the prices vary based on the size. The average costs include:
- A two to three GPM unit is perfect for one or two people and costs between $250 and $600.
- A three to five GPM unit is excellent for three or four people, and the average cost is $400 to $700.
- A 6+ GPM unit is great for a family of five or more and costs between $500 to $900.
The cost to install a tankless unit is more expensive than tank units, and you can expect to pay between $300 to $2,500, depending on the plumber and the location you choose for the water heater installation.
Call Covenant Plumbing Today
If you’re due for a new water heater installation, call Covenant Plumbing. We are a family-owned and operated, full-service plumbing company serving customers in the area since 2006 and are experts at tank and tankless water heater installation.
Our plumbers are professionally trained and licensed and have the knowledge, experience, and skill to handle any plumbing job, whether it’s simple or complex.
We understand that plumbing problems can arise at the most inconvenient times, so we offer emergency service. If you have a plumbing problem in your Bloomington, IL home that can’t wait, we’ll do our best to get a plumber to your home as quickly as possible to resolve the problem.
To schedule an appointment for water heater installation or any other plumbing service, give us a call or book online at https://www.plumbingbycovenant.com/book-online/.