Hot water tanks are in high demand! Everyone loves their hot water and water heaters are the ones responsible for providing us with that day in and day out. The decreasing lifespan of water heaters, innovation of new tankless water heaters and increase in new homes all lead to the increase in demand for hot water tanks.
With this blog, Mr. Swirl will let you know the best ways to save a little extra cash when it comes to hot water tanks.
Avoid the Price Increase on Hot Water Tanks in the Lower Mainland
If you’re reading this in June of this year, and you live in the lower mainland now is the time to purchase a new hot water tank! Manufacturers have alerted Mr. Swirl that their price of water heaters will be rising by 9% on July 1st. This price increase on water heaters is unavoidable to Mr. Swirl as the manufacturers are raising this price due to various economic factors including Covid-19.
If you purchase a new hot water tank in June you will avoid this increase in the price of water heaters and could save up to $288. Better yet, for the month of June, Mr. Swirl, the Friendly Plumber will be waving our $78 call-out fee. So, if you live in the lower mainland, whether it’s Coquitlam, Maple Ridge, Burnaby or anywhere surrounding, Mr. Swirl has you covered. You can save up to $366 on a water heater in June.
Choose the Right Hot Water Tank For You
Hot water tanks come in all different sizes and models and picking the right one for you is ultimately important to save you money upfront and in the long run. The three main styles of hot water tanks are electric water heaters, gas water heaters, and tankless water heaters.
Electric Hot Water Tanks
Choosing an electric hot water tank is likely your best option if you have relatively low hot water usage or live in a smaller home. Electric water heaters are smaller in size and do not require venting which takes lots of space. Electric water heaters can end up costing slightly more for monthly electricity compared to gas, however, the installation costs will be significantly lower. With smaller homes in Coquitlam, Port Coquitlam or Surrey electric water heaters are very popular choices for their convenience and cost.
Gas Hot Water Tanks
Choosing a gas hot water tank is another very popular choice in the lower mainland. A gas water heater is likely your best option if you live in a bigger home and use lots of hot water. They’re also a great investment for long-term homes as gas water heaters are more reliable and have a longer lifetime than electric water heaters. Because gas hot water tanks require proper venting and are large in size, there initial cost will be higher than electric water heaters. However, the cost benefits of gas water heater is that they last a long time and will cost slightly lower per month depending on usage than electric water heaters.
Tankless Water Heaters
Choosing a tankless water heater is a great option if you use a low amount of hot water in a long-term home or business. Tankless water heaters don’t quite have the same capability for high usage like electric or gas water heaters, but they are still a great option. Tankless water heaters will have a high initial cost since they have lots of technical elements but they have a great lifetime.
They are also very efficient and will help save money on your monthly bill. Mr. Swirl highly recommends tankless water heaters for saving money in the long run, but only if you don’t require a medium to large amount of hot water daily.
What Size Hot Water Tank Should I Buy?
Another big factor to choosing the right water heater for your wallet is the size. A hot water tank that’s too small will be overworked and use too much gas or electricity and a water heater that is too small will waste gas or electricity. Refer to this guide to pick the best water heater size for you:
Lower the Thermostat Temperature
We’ve all gotten into the shower and been scorched by the hot water that is just way too hot. What if there was a way to avoid that, that would also save you money? There is! You can actually lower the temperature of your thermostat so that your water heater is not wasting energy heating water to a temperature that nobody needs anyway.
Lowering the thermostat temperature on your water heater will save you money in the long run! If you need help lowering your thermostat temperature, call a friendly Mr. Swirl plumber in Maple Ridge or Coquitlam today!
Replace your Hot Water Tank
A hot water tank replacement is a big commitment and one that seems like it would set us back a pretty penny. Well yes, the initial cost of a water heaters does take some commitment however, when you look at the long run replacing your water heater could save you hundreds. Old water heaters are inefficient, waste energy and cost you more money because of it! Replace your hot water tank sooner rather than later before prices increase and you waste money on your monthly bills.
Repair Leaks in your Hot Water Tank
Even if you have a small unnoticeable leak in your hot water tank, its costing you money! Small leaks let cold air in and hot water out which means more energy spent and higher monthly bills. Get your hot water tank assessed for leaks and any leaks repaired by Mr. Swirl now!
Hot Water Tank Timers
Even when everyone in your house is asleep, your hot water tank is not! Water heaters are always working and always consuming a small amount of energy. Unfortunately turning your hot water tank on and off isn’t as simple as a light switch but there is still a way.
Hot water tank timers can be installed and set to have your hot water tank shut off in the middle of the night or maybe for a long period of time when you’re on vacation. Water heater timers are great and can save you tons of money in the long run! Mr. Swirl can install a water heater timer for you today to save you tons of money tomorrow!
Start saving money on hot water tanks with Mr. Swirl today! If you follow even just one of these tips, you could start saving a lot of money. You can also have a friendly Mr. Swirl plumber assess your hot water tank and come up with the most highly tailored recommendation to save money on your water heater.
Mr. Swirl services the whole Lower Mainland including but not limited to: Maple Ridge, Pitt Meadows, Mission, Port Coquitlam, Langley, Coquitlam, Surrey, New Westminster, Burnaby, Port Moody and Vancouver. So wherever you are in the Lower Mainland, Fraser Valley or Greater Vancouver Area, Mr. Swirl can save you money on your water heater now!