Get matched with top water heater pros in Stanley, NM

A leaking water heater could potentially last for a few weeks or months before you need to repair it. However, it's not advisable to wait too long. Once your water heater starts leaking, it's likely that the underlying cause of the leak is getting worse as time goes on. Without immediate repair, your water heater could fail. Instead of using a leaky water heater, you should turn it off and call a pro to fix it.

It’s important to find the type of water heater that fits your needs and budget. Depending on the type of water heater, size, brand, and the type of energy you use to heat the water, costs range from a few hundred dollars to several thousand. Some of the most common types of water heaters include:

• Electric: $600–3,500

• Gas: $700–$2,700

• Propane: $700–$2,500

• High efficiency: $1,500–$3,000

• Indirect: $1,200–$3,500

• Hybrid heat pump: $1,200–$3,500

Homeowners insurance may cover the repair or replacement of a water heater if it's damaged by a covered peril, such as a fire or a burst pipe. However, policies typically do not cover repairs or replacement needed due to normal wear and tear, old age, or lack of maintenance. For these issues, a home warranty or a manufacturer's warranty may provide coverage. While the policy might not pay to fix or replace the malfunctioning appliance itself, it often covers the cost of water damage restoration caused by the faulty water heater. Always check with your insurance provider to understand the specifics of your policy.

Not all types of water heaters require a venting system. Electric tankless water heaters don’t use natural or propane gas, so no venting is required. Instead, they use electric burners to heat water quickly and efficiently. However, any system that does use gas or propane will require ventilation.