Timeline for Water heater wont work

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Mar 19 '18 at 20:33 comment added JPhi1618 @Ken, yea I haven't researched rebates, so that makes sense. I just know I was surprised by how expensive they have gotten. The last time I needed to buy one they were much cheaper. Agree that OP should replace. That thing is ancient and crusty.
Mar 19 '18 at 20:30 comment added Ken @JPhi1618 I have seen them for $500 and up searching online only of course as I have been shopping for one myself. With all of the rebates and credits that might be available you can get back $300 to $400 on a unit that might cost $800 to $1200 and gas companies sometimes make sweeten the deal. In the long run even if the op buys a unit outright with no rebates or credits $700 out of pocket is a good deal considering this unit will probably fail terribly with in 6 mos to a year (why spend $400 on a repair and then $700 in 6 mos to replace it). I think op may end up $4to500 with new unit.
Mar 19 '18 at 14:57 comment added Jim Stewart This heater should be replaced before it fails catastrophically. Looks like the flexible supply lines should also be replaced. Entirely too much corrosion on the right hand supply line (hot?). You should also replace the cut-off valve if it is an old style "gate" valve. If it is a "ball" valve then probably it is OK.
Mar 19 '18 at 14:13 comment added JPhi1618 Current prices for a 50 gallon gas water heater at the big box home improvement store near me is around $700. They are a lot more expensive than I remember and installation isn't cheap either. Not saying this heater shouldn't be replaced, but it's going to cost a lot more than $400.
Mar 19 '18 at 12:01 comment added ratchet freak Some municipalities also provide discounts when replacing an old inefficient unit with a newer more efficient unit.
Mar 19 '18 at 6:33 history answered Ken CC BY-SA 3.0