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You don’t have to replace expansion tanks at the same time as your hot water heater. You may be able to go six to 12 years or more before needing to replace your expansion tank. At $150 to $450, hot water heater expansion tanks are usually much more affordable than the cost of hot water tanks themselves, which average about $1,190.

The size needed for your expansion tank is determined by the size of your home's water heater. Expansion tanks are available in 2-gallon and 4.5-gallon sizes. A 2-gallon tank will be appropriate for water heaters up to 50 gallons. An adequately sized tank should have a volume that equals 2% to 5% of the water volume within the system. A plumber can evaluate your home's water pressure, water heater size, and other factors to provide suggestions for picking out the best expansion tank.

Basements, specifically those without any air conditioning, are the best location for a hybrid water heater. These rooms are less likely to experience extreme temperature fluctuations, which can affect your hybrid water heater’s efficiency and performance. Basements often have more than enough space for their tanks and proper air circulation. Hybrid water heaters can also be a bit noisy, but putting them in your basement will keep the noise away from your main living areas.

On average, a tankless water heater should last between 10 and 15 years. Its lifespan will be affected by how much it's used, the effect of weather where your home is on the unit—colder is harsher and will shorten lifespan—and if the heater is maintained appropriately and regularly. There are many signs your water heater needs to be replaced, so pay attention to anything that changes with your heater or hot water.