Hello,
I have a 10-year old electric 40-gallon water heater, and this morning we found that we have no hot water. The plumber quoted us $400, but won't charge if he cannot fix it. I looked up the price for a comparable electric water heater and it turned out to be around $400 not including installation cost.
Given that it's already 10 years old, would you repair or replace?
Thanks!