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If you want instant hot water and to reduce water waste while improving convenience, a hot water recirculating system is worth it, especially if you find your hot water heater is not hot enough. These systems can save thousands of gallons of water each year so you don't have to wait for hot water at faucets and showers. The upfront investment can be high, especially for systems requiring additional plumbing, but the long-term savings on water bills and added comfort make them a worthwhile upgrade.

A tankless water heater can last up to 20 years, which is nearly double the lifespan of a conventional tank heater. However, their longevity is highly dependent on several factors. With proper installation and regular maintenance, such as descaling to prevent mineral buildup from hard water, you can expect a lifespan of 15 to 20 years. Without proper care, a tankless unit may begin to fail in as little as 12 years. Other factors that affect its lifespan include household usage and the quality of the local water supply. While they have a higher upfront cost, their energy savings, smaller size, and longer life make them a worthwhile investment for many homeowners.

If you have a tank-type electric water heater, it runs regularly to keep the water at the desired temperature. If you live in a home where you don’t use much hot water, it could seem wasteful to run power to heat water that you’re using infrequently. You could save some power by using a smaller tank, insulating the tank, or lowering the temperature of the water heater.

Electric water heaters typically last 10 to 20 years, though proper maintenance can extend their lifespan. If your unit is over a decade old and showing signs of inefficiency—such as higher energy bills, frequent repairs, or leaks—replacement is a smart investment. Tankless models last over 20 years, which can make them a longer-lasting alternative to traditional tank water heaters.