Still Renting Your Water Heater?

Switch to an Owned Tankless Water Heater & Save!

For some reason, people in Ontario seem to default to renting their water heaters. Sure, it’s convenient to just pay $35/month, but hot water heater rentals are not very cost effective. After about two years of payments, you’ve paid for the water heater and the installation, but you’re still locked into a multi-year rental contract.

Some people enjoy the peace of mind in knowing that if something happens to their water heater, the rental company will cover repairs. However, the average water heater requires almost no maintenance. In general, a gas-powered hot water tank will last 8-10 years before experiencing issues, and tankless water heaters will last more than 15-20 years if they are well-maintained.

If your contract is coming to an end, or you’re outside of the minimum, you might want to consider taking the plunge into water heater ownership. You’ll end the cycle of endless rental payments and save thousands of dollars. Throughout a 7-year water heater rental contract, you’ll pay nearly $3,000. Keep renting afterwards, and now that number is closer to $5,000 over the lifespan of the tank.

Now, think about a tankless water heater. Sometimes known as hot water on demand, a tankless water heater heats your water on the fly. This means there is no 40–60-gallon storage tank that must be kept hot around the clock. Tankless water heaters are a more energy-efficient alternative, requiring no fossil fuels, and less energy overall. According to energystar.gov, your annual water heating bill will be $120 CAD* less on average than a gas-powered hot water tank. That’s $120/year on top of the rental fees saved.

Unlike a hot water tank that maintains the temperature and stores the hot water until it is needed, a tankless water heater does not store hot water. It only heats the water as it is needed. You’ll also never run out of hot water, it is endless. You can count on a steady supply of hot water, regardless of how many people in your home take steaming hot showers before your turn.

Tankless water heaters also free up space in your home. The units are small, and can be wall-mounted, something those living in tiny homes or condos will appreciate.

Finally, a tankless water heater will outlast any gas-powered hot water tank. With a lifespan nearly double that of a more traditional system, a tankless water heater is a smart choice.

Reliable Home Environment is proud to carry:

Rheem Prestige Series Tankless Water Heaters