Hot Water Heaters – Why Rent When You Can Own?
Save money. Eliminate costly monthly fees. Say goodbye to aggressive rental contracts that favour suppliers, instead of you.
Did you know that you can own a water heater in 4 or 5 years even if it’s financed, as opposed to renting in perpetuity? In many provinces, like Alberta, people do not rent their water heaters. They buy them. With a typical payback of 4 to 5 years – sometimes less – it makes more sense than ever to invest in a good quality water heater that is likely a lot more energy efficient than the one you’re currently renting. Moreover, owning will not bind you to rental agreements that are less than agreeable if you need to upgrade your system to save on energy bills or improve your system’s performance.
Let’s Do The Math
Let’s consider a quality 40 gallon, gas-fired hot water heater with power venting.
A unit typically lasts 12 to 15 years on Ottawa city water. Let’s assume 12 years.
The rental fee for a unit of this type is $25 to $40 per month. Let’s say $35 for a power-vented model.
Over a 12 year period, the hot water tank will have cost you $5.040.
You can buy the same unit (or better), for $1,695, installed.
And Say Goodbye to Nasty Service Contracts!
In 2012, the Competition Bureau, an independent law enforcement agency, took action against both Direct Energy and Reliance for hot water heater return policies that were nearly unbreakable, aggressive retention tactics and exhorbitant penalties for renters. Read about it here: http://www.competitionbureau.gc.ca/eic/site/cb-bc.nsf/eng/03520.html
You Have Choices
We install high-quality Ruud/Rheem hot water heaters, known for their extreme reliability. Choose from electric or gas-fired hot water heaters. Looking for the ultimate in space, performance and energy efficiency? Ask us about tankless hot water heaters and hot water on demand.
We provide the right water heater for your needs, installed professionally, with no drama and no fine print.
Call us today to replace the old unreliable hot water tank today.
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