Well you certainly have kept up on the maintenance of it. It looks in great shape. But it is over 12 years old. So you have age as a big factor.
A new one of those defenders with power vent run about 1800 bucks or so and that's if you install it. Dip tube runs about 30 bucks.
Was anode rod(s) ever changed? They run about 30 bucks each. That model of defender I think has two of them.
Hard to tell what is actually going on inside. Your theory of dip tube sounds about right and would explain your issue. You have unions on the inlets and outlet, so it would be an easy check/replace. No cutting or soldering required.
A new one of those defenders with power vent run about 1800 bucks or so and that's if you install it. Dip tube runs about 30 bucks.
Was anode rod(s) ever changed? They run about 30 bucks each. That model of defender I think has two of them.
Hard to tell what is actually going on inside. Your theory of dip tube sounds about right and would explain your issue. You have unions on the inlets and outlet, so it would be an easy check/replace. No cutting or soldering required.