Whether due to old age or a breakdown, replacing a water heater is never fun. Here are a few things to consider while shopping for a new hot water heater that should help ensure that you're making the right decision:

Energy Consumption

One important consideration to make when replacing your old water heater is energy consumption. If your current water heater is more than just a few years old, chances are that it isn't as energy efficient as it could be. So you have a chance to reduce your household's energy consumption and save yourself some money on power bills throughout the year when you replace your old water heater.

For example, a gas tankless hot water heater can decrease your energy expenses without sacrificing your household's ability to get hot water when it's needed. Look for a new water heater to invest in that is Energy Star certified to ensure that you won't be using more energy than necessary throughout the year.

Storage Space

If your current water heater takes up a lot of space that could be used for something different, such as storing more household items while not in use, you may be able to relocate your water heater to a more isolated place or choose a smaller water heater that can still handle your household's water needs. It's a good idea to schedule an in-home consultation with your service provider so they can determine exactly what your needs are and help you find a storage solution that works best for your household.

They'll help you figure out whether you can move your new water heater to a new location, and if so, how much work and money will have to go into the project. They will also help you choose the perfect sized water heater that won't over or under perform for your family.

Warranty Options

Not every water heater you look at will offer the same kind of warranty options. Your warranty options will depend on things like the manufacturer of the water heater and it's value. So take the time to find out about the warranty options that are available for each water heater you consider buying before you actually commit to buying it.

How long will the manufacturer's warranty be valid for, and what will the warranty cover? Is an extended warranty available that will extend the length of the original warranty and cover more parts and labor? What kinds of co-pays and deductibles are associated with the warranties that are being offered?