If your water heater keeps giving you problems, or if it stops working altogether, your immediate reaction will probably be one of dismay. However, you will also find that there are several advantages to replacing your water heater. This can help turn your mood around. Here are some ways you can save money with a new water heater installation.

A New Water Heater Uses Less Energy to Heat Water

Almost without exception, any reliable new water heater that you install is going to be several times more efficient than the old one you had. To measure efficiency, water heaters are usually given an Energy Factor rating. In simpler terms, the energy rating refers to the amount of hot water that is produced for every unit of fuel used. If the energy factor is high, it means that the water heater is more efficient. The majority of gas-fired water heaters have an energy factor that's around .5 to .7. This is how a new water heater will save you money.

When compared to the older water heaters, most of the water heaters that are less than 55 gallons have a boost in efficiency. On the other hand, those with 55 gallons and above boast efficiency gains of around 25 to 50 percent. However, you must note that this depends on the technology employed by the water heater.

A more efficient water heater will not struggle to increase the temperature of your water. This means it will not only be able to heater water faster, but it will also use less energy. Obviously, when less energy is used, you will also pay less money. This is one of the ways a new water heater can save you money.

Along with a new water heater installation, you must also consider installing low-flow water fixtures which use significantly less water than their older counterparts. According to the U.S. Department of Energy, these can give you almost 25%–60% in savings since you won't be using as much hot water.

Less Repairs

While not every water heater problem will cost you an arm and a leg, things can add up if you have to call a repair company now and then. For instance, as your water heater gets older, the heating element can break, you will need new pressure relief valves thermostats, and you will end up buying a lot of other small parts that are easily replaceable. Because this happens gradually, it will seem like it's not worth worrying about. You will also be hesitant to throw the entire tank away, thinking that a new water heater will cost you a lot of money.

As you keep hiring the repair guys, you will also keep losing more and more money. Sooner or later, you will be dealing with rust, fractures, and leaks. When things get to this extent, it's not a good idea to keep wasting money on repairs. All you need to do is call a professional who can provide you with a quote for a new water heater. Once you get a new water heater, you will go for a long time without calling the repair guys for anything.

New Water Heaters Are Insulated

Nowadays, almost every water heater is insulated. This is what makes them more energy efficient. If you have an older water heater, you will notice that it's usually warm to the touch. This means there is a lot of heat energy that is being lost unnecessarily.

Experts recommend insulating such water heaters so you can save energy. However, you will have to part with money when you hire an expert to insulate your water heater. It's important to do so because not every type of insulation will work on your water heater. Also, there is a way to wrap the tank. The advantage of a new water heater is that it comes insulated already, so you won't have to part with any more money trying to insulate it and make it more efficient. Your water will stay hot, and you won't lose energy unnecessarily.

You must always keep in mind that every appliance has a lifespan. This is why you must replace it before it fails. That will not only save you money, but it will also help ensure that you don't run out of hot water when you need it the most. So once you start having lots of problems with your water heater, you must start thinking about a new water heater installation. It's crucial that you hire a professional for this if you want the best results. If you aren't sure whether it's time to replace your water heater, call us, and we will come to take a look for you.