Water Heater Replacement Options
A couple of weeks ago, our 26+ year old water heater gave out. Something went wrong with the board and one of the electrical lines glowed red hot before I shut it down. It burned off all the coating on the electrical line. So, the repair was going to be more than a simple element or thermostat replacement, which I have done in the past.
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I contacted the local plumbers, but nobody wanted to "fix" the heater given its age. They all recommended replacing the tank. I guess they figure it would take about 4 hours of labor time (at $150 per hour) to troubleshoot and rebuild the tank, and in the end, you would still have a tank that was 26+ years old and no warranty. Not an option that any of them wanted to do.
I got a number of quotes for a new heater and installation from our local plumbers. Sticker shock for me to see they wanted $1800-$1900 to replace and reinstall a new tank! Their 50-gallon tanks were the bare minimum of features with a 6-year warranty.
To make a long story short, I ended up getting the top line 50-gallon heater with a 12-year warranty from Home Depot and went through them for the installation service. They contracted out to a local plumber to do the job. The plumber came out with the new heater, drained and removed the old tank, installed my new heater, and hauled away the old tank. Everything is working well 2 weeks later...
All in all, I got a top line 12-year tank with Bluetooth app and remote-control and scheduling features, upgraded tank and flush port, and saved about $400-$500 over the quotes from the local plumbers with a basic, no features, 6-year warranty tank.

I'm not a plumber, so I had no idea how much it would cost to replace our old heater. But I am glad that I checked Home Depot and took advantage of their installation service team. The savings comes in buying that heater from Home Depot. I think the labor charge ended up being the same regardless, but from what I learned, the local plumbers were all buying a basic $500 heater and jacking the price up to around $1,200. At Home Depot, like I said, I got their top line heater and saved over $500 from the start.

I am still feeling the pain of having to buy a new heater, but at least I saved a lot of money and got a better tank directly from Home Depot.

Working with the Home Depot installation service team was easy and their quote, down to the penny, was exactly what we agreed on and what I ended up paying. No surprises. I hate surprises. Especially when it costs me more money.

If I could have serviced my heater on my own, I would have preferred to do that. But one electrical wire was burned up and almost started a fire. None of the plumbers recommended rebuilding the old heater. I found lots of YouTube videos on replacing heater elements and thermostats, but nothing for the problem I had. So, I had to punt and get a new one. But I think, for us, it was the best option.