One of the biggest factors is age. Most units last around 10-15 years. If yours is nearing that mark, replacement is often more cost-effective in the long run.
New models are designed to be more energy efficient, saving you money on ongoing bills and offering modern upgrades like continuous flow systems or environmentally friendly gas and solar options.
If your system is still relatively new, repairing may be the smarter move – especially if the fault is minor. However, older systems can become a cycle of ongoing repairs and rising energy costs, making replacement a better investment. A qualified plumber can help you weigh up the options based on your unit’s age, condition and performance.