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Several signs indicate your water heater may be failing or in need of replacement. Key indicators include:

• Age: A water heater older than ten years is approaching the end of its typical lifespan.

• Water Quality: If you notice rusty or discolored water from your hot water faucets, or a foul odor similar to rotten eggs or sulfur, it can signal internal corrosion.

• Unusual Noises: Banging, rumbling, or popping sounds from the tank often mean sediment has built up, causing the unit to overheat.

• Leaks: Any water pooling around the base of the tank or visible leaks are clear signs of failure.

• Performance Issues: A decline in performance, such as water not getting hot enough, taking longer to heat up, low water pressure, or decreased efficiency, suggests the unit is struggling.

• Visible Damage: Obvious rust and corrosion on the exterior of the tank can indicate a more serious internal problem.

While these signs often point to replacement, some issues may be fixable. It's best to consult a professional plumber to diagnose the problem before investing in a new unit.

No, you’ll need to drain the tank before changing a water heater element, as the water heater element sticks through the side of the tank and uses a gasket to prevent water from pouring out. However, you don’t always need to drain it completely. If you’re only replacing the upper heating element, you can drain the tank until the water line is below the element. If you’re replacing the lower element, you’ll need to drain the whole thing.

Choosing between an electric water heater vs. a gas water heater comes down to personal preference. Overall, electric heaters are more energy efficient than their gas competitors. They’re also quieter to operate, take up less room, and don’t come with a risk of gas leaks. 

The downside is that electric water heaters cost more to operate than gas. They might also struggle to heat water fast enough for households that use large amounts of hot water. Lastly, a power outage could cause your electric water heater to stop working, whereas gas water heaters may still function.

It takes between one and three hours to replace a hot water heater element, depending on whether you hire a pro or do the work yourself. For example, a professional plumber with all the necessary tools and experience can often finish the job in one to two hours, whereas DIY will take two to three hours because it'll involve more preparation and troubleshooting.