Hot showers and warm dishwashing water are just a few simple joys that a good hot water tank provides. If your existing hot water tank is between 6–12 years old, it may be time to start shopping for your next one.
Like everything else, changes in the industry bring new products. You need to research and decide before buying. Luckily, there are only a couple things you need to consider when choosing your next water heater, but they’re important ones! Let’s go over what you need to know before making this big purchase.
1. Energy source
You can have either an electric or gas hot water tank. But one type is much more common in homes. Can you guess which one?
If you guessed gas, you’d be correct!
Electric tanks require much more space for proper venting and are much more common in office spaces.
2. Cost
Getting the most expensive tank doesn’t necessarily mean you’re getting the best tank for your situation. But saving on the initial tank cost doesn’t always mean you’ll be saving in the long run! And choosing to save by passing on your warranty can be a costly risk we certainly don’t suggest taking.
Working with a trusted company that has partnered with high-quality brand options is your best bet. We work with top small businesses in Alberta. Our trusted partners and experts help you find the best and most affordable options for installation and future needs.
It's the future costs that can really affect the value of your hot water tank. This will influence your decision to buy something efficient!
3. Efficiency
One of the most important factors to consider is the efficiency of your new hot water tank. High efficiency models use anywhere from 10–50% less energy than standard models! That means you’re using up to 50% more of the energy that your tank is creating, rather than having that energy wasted.
At the end of the day, an efficient hot water tank will save you money on energy costs. These savings will be more than the initial investment in a new tank. Our experts can help you find the best options for you and your home when you call our advisors to book your install.
Time to upgrade?
Connect with us today and see which efficient hot water tank will help you save on your home energy bills. Book online today.
Efficiency matters
Ready to take a more holistic look at your home energy efficiency? A Home Energy Audit could be the perfect next step. It will ensure that your entire home is running efficiently, from your hot water tank to your heating and cooling systems. Book a Home Energy Audit today.
Frequently Asked Questions About Hot Water Tanks
How do I choose the right hot water tank size for my home?
The right hot water tank size depends on the number of people in your household and your daily hot water usage. A typical family of 2–3 people may be well served by a 40-gallon tank, while larger households often require a 50–75-gallon model. Choosing the correct size helps ensure you have enough hot water while avoiding unnecessary energy costs.
What is the average lifespan of a hot water tank?
Most traditional hot water tanks last between 6 and 12 years when properly maintained. Factors such as water quality, usage patterns, and routine maintenance can affect lifespan. If your tank is approaching the 10-year mark, it may be time to start planning for a replacement.
Is a gas or electric hot water tank better?
The best choice depends on your home's existing setup, energy costs, and hot water needs. Gas hot water tanks are common in many Alberta homes and typically recover hot water faster. Electric hot water tanks can be an effective option in certain applications and may have lower upfront installation requirements depending on the property.
Are high-efficiency hot water tanks worth it?
Yes. High-efficiency hot water tanks can use significantly less energy than standard models, helping homeowners reduce monthly utility bills. Although the initial purchase price may be higher, the long-term energy savings often offset the difference.
What are the signs that I need to replace my hot water tank?
Common signs include:
- Inconsistent hot water temperatures
- Rust-coloured water
- Unusual noises coming from the tank
- Water leaks around the unit
- Rising energy bills
- A tank that is more than 10 years old
If you notice any of these issues, it may be time to consider a replacement.
How can I make my hot water tank more energy efficient?
You can improve efficiency by:
- Setting the thermostat to an appropriate temperature
- Insulating exposed hot water pipes
- Scheduling regular maintenance
- Flushing the tank to remove sediment buildup
- Upgrading to a high-efficiency model when replacement is needed
Can a new hot water tank lower my energy bills?
Yes. Older water heaters often become less efficient as they age. Replacing an aging unit with a modern, energy-efficient hot water tank can help reduce energy consumption and potentially lower monthly utility costs.
Should I repair or replace my hot water tank?
If your hot water tank is relatively new and the issue is minor, a repair may be the most cost-effective solution. However, replacement is often recommended when a tank is nearing the end of its lifespan, requires frequent repairs, or has developed a leak in the tank itself.
How often should a hot water tank be maintained?
Annual maintenance is recommended to help maximize performance, improve efficiency, and extend the life of your water heater. Professional inspections can identify potential issues before they become costly repairs.
