Recent industry research reveals that over 27 million U.S. households use a water heater that’s more than a decade old. That number is expected to continue rising in the years ahead. Let’s explore why these households may actually be spending more than they should.
Loss of Efficiency With Age
Water heaters become less efficient with time through normal wear and tear. Even if you schedule annual water heater maintenance, you should consider replacement at the 15-year mark. The problem is that many homeowners never schedule water heater service unless there’s a problem they can’t ignore. That’s one reason the Environmental Protection Agency (EPA) estimates that the average household can improve efficiency by 30% with an upgrade to an ENERGY STAR water heater. Even a system that was 70% efficient new may only be operating at 60% efficiency or less after a decade has passed.
More Efficient Modern Technologies
Another point to consider is that modern water heaters are simply more efficient than those manufactured over a decade ago. The industry has put great emphasis in recent years on lowering the environmental impact of water heaters. That’s because water heating can represent as much as 20% of the average household’s total energy consumption. The standard gas water heater is now about 80% efficient. There are also high-efficiency gas water heaters available that range from 90% to nearly 100% efficient.
Energy Incentives
Now is an excellent time to upgrade because there are many incentives available that can help offset your costs. Homeowners can take advantage of the federal tax credit. You can explore the current rebates for ENERGY STAR water heaters on the EPA website. Many local utilities also offer rebates and other promotions that you can take in addition to those credits.
New Warranty Protection
When you invest in a new water heater, you get a new warranty that provides you with peace of mind. The typical warranty provides at least six years of protection against major defects. Many brands also offer extended warranties that both broaden and lengthen that protection.
Fewer Repairs
Many homeowners with older water heaters spend unnecessarily on small repairs that add up. A new water heater will be much less prone to common repairs. Installing a new water heater is also an opportunity to begin an optimal maintenance regime. Annual maintenance will actually lower your costs month to month and in the 15 years or more ahead.
Less Risk of Water Damage
Old water heaters are prone to leaks that can cause serious water damage. In fact, over 20% of all water damage instances in homes in the U.S. are due to water leaks. Furthermore, homeowners’ insurance generally doesn’t cover it because it’s a maintenance issue.
JW’s continues to be a local, trusted plumber for water heater replacement services in Indianapolis, IN; call today or contact us online to schedule an in-home water heater installation consultation.