When there comes a time to replace your home’s water heater, you’ll face a choice: buy the unit, or rent it. If you have any doubts about that, we will help.
The question of buying versus renting comes up a lot with customers. Some believe that it is better to own the equipment, even the old, low-efficient unit. But recently, more and more consumers are choosing to lease a new water heater that will work perfectly and save their money on energy bills.
Renting as an option is so poorly represented in the market that many customers don’t even know it exists. So, they never even asked about where to rent a tankless water heater. Let’s look at the benefits of such an option.
Renting a water heater may be a convenient or even necessary option for those who live in rented accommodation. It may also be advantageous for people living in hard water areas where the equipment’s service life will be significantly lower, and repairs are more likely. If you choose to rent the equipment, you should know that the total rental cost over the years can be higher than the price of buying a water heater. But if you are renting, then your up-front costs are zero, and you just pay a monthly rental fee, which includes all repair and maintenance costs during the renting period. Of course, sometimes it’s cheaper to own your water heater. But also, renting is better because the service program often includes the cost of your energy bills.
New water heaters are generally covered under warranty for a limited period. After the warranty run out, the owners are responsible for all repairs. In renting the unit, service is covered for as long as you rent the heater, so you don’t have to worry about unexpected expenses.
New, high-efficient tankless water heaters can save up to 40% on energy costs and provide an endless supply of hot water. You can take a shower, wash dishes and do laundry at the same time without worrying about running out of the water.
Better still, rest assured when the equipment fails (and due to the nature of water, it will eventually fail), your water heating equipment will get replaced, quickly and cost-effectively. Most rental plans include the cost of replacement equipment to give you peace of mind.
Renting is affordable, the billing is convenient, protection plans cover parts and labour, so you’re protected from additional costs and unpredictable fees. You can schedule maintenance for the same day. You get peace of mind because your time and money aren’t on the line. Plus, if you haven’t found your forever home yet, you won’t have to face the problem of leaving or taking your brand-new heater when you move.