A Comprehensive Guide to Repairing vs. Replacing Your Electric Hot Water System!

Are you looking to hire an electric hot water system repair service in Sydney? But you are also wondering if replacing it would be a better option. Isn't it? This is a messy situation, especially if you need a lot of hot water in your home every day. You want to fix the problem as soon as possible. But your real problem is that both of these options are easy. Replacing the water system may be expensive initially, but it will save you money in the long run. On the contrary, repairing it will save you costs and provide an immediate solution.

From the point of view of repair cost, fixing minor issues like thermostat or element repair may cost between $200 and $500. However, to fix major problems like a leaking tank, you may need to spend approximately $500 to $1500.

On the other hand, the cost of buying a new electric hot water system depends on certain factors, including the type, size, installation, brand and model, warranty and lifespan, energy efficiency, and more.

Is it Better to Replace or Repair Your Electric Hot Water System?

Hot water is of utmost importance in all seasons and in almost every Aussie household. An electric hot water system serves as a reliable source to receive hot water in your home as per your requirements and convenience. So, before jumping on to hiring hot water system repair in Sydney, you may want to do at least a basic comparison.

Repairing an electric hot water system is often more economical than replacing it, especially if the issue is minor. However, sure signs may indicate that replacement is a better option. For example, if you notice leaks, the system's age, or discoloration, these could suggest that replacement might be more prudent.

Additionally, the "50% rule" can help guide your decision-making. This rule states that if the repair cost is 50% or more of the cost of a new unit, replacement should be considered instead. Nevertheless, even if the cost of your current repair does not reach the 50% threshold, it's essential to consider other factors, such as the frequency of repairs and the overall age of your water heater.

Factors to Take into Account When Deciding Between Repair and Replacement!

When you’re deciding between replacement and electric hot water system repair service in Sydney, here are some factors you must consider:

Age:

The age of your hot water heater is crucial. Most electric hot water heaters have a lifespan of about 10 to 15 years. If your unit is nearing or beyond this age, it may be more cost-effective to replace it rather than repair it. Older units may require frequent hot water system repair in Melbourne and may not operate as efficiently as newer models.

Cost:

The cost of repair versus replacement is another important factor. If the cost of repairing your current unit is 50% or more of the cost of purchasing a new one, it is often wiser to replace the unit. Even if the repair cost is below this threshold, you should still evaluate whether the expense aligns with the long-term benefits of a new, more efficient model. You can also look at the size of the hot water system, and you need to know how much it will cost you.

Table: Determining the Size of Hot Water System You Need For Your Aussie Household!

Frequency:

Last but not least, you must consider how often your water heater requires repairs. If there are frequent repairs, it indicates one thing: the unit is becoming unreliable and may soon fail completely. If you find yourself repairing the unit regularly, replacement might be a more practical solution to avoid ongoing repair costs and potential inconvenience.

When to Consider Repairing?

1. The issue is minor, such as a faulty thermostat or a small leak.
2. The unit is relatively new and still under warranty.
3. The repair cost is less than 50% of the cost of a new unit.
4. The frequency of repairs has been low.
5. The system’s age is significantly less than its expected lifespan.

When to Consider Replacement?

• The unit is over 10-15 years old.
• The repair costs exceed 50% of the cost of a new unit.
• There are frequent, recurring issues that require repairs.
• The system shows significant signs of damage, such as leaks or discoloration.
• The unit is no longer meeting your hot water needs efficiently.

The Bottom Line:

Both repair and replacement are fantastic options given the importance hot water has in your household. Thus, you just need to relax your mind a bit, consider all of the factors you’ve discovered above, and make the final decision.

However, if you are searching for the best electric hot water system repair service in Sydney, Paladin Services Australia can be your safest bet! With years of experience and technical proficiency, they help to keep your hot water systems running smoothly. They offer end-to-end solutions for your water heating system, including installation, maintenance, and repair.

Want to discuss your problems? Schedule an appointment by referring to their website now!