For most families, buying a tankless water heater is a significantly more affordable alternative to renting. We’re on a mission to help families across Ontario break free of the rental cycle and shift to ownership. We’re so sure you can save that we started an initiative called Clarity by ClimateCare aimed at helping more families find out about ownership.
Keep reading to learn more about the potential cost savings of buying and financing your tankless water heater compared to monthly rental payments.
How to Get The Right Tankless Water Heater Quote
To get an accurate quote from a tankless water heater provider, you need the following info:
- The type of water heater currently installed in your home; conventional, power vent, direct vent, power direct vent, condensing, electric or tankless.
- If applicable, the tank size.
- The age of the tank (a guess is fine).
- The number of bathrooms in your home.
- Your water tank or tankless fuel – gas, propane or electric.
- Your monthly rental cost.
- The number of people living in your home.
- The volume of laundry you do in a week (a guess is fine again).
- How often you run the dishwasher (lastly, again, a guess!).
This information helps providers make an educated estimate about the potential savings you can realize replacing your rented water heater.
Can You Ever Save By Renting a Tankless Water Heater?
We also want to be completely honest and transparent with our clients. You might not save by buying. Rarely, a rental deal is better than a deal we can offer. However, purchasing almost always results in better equipment (with warranty included), and ownership doesn’t lock you into endless payments.
Renting may be more feasible for homeowners who are temporarily renting out their property, are trying out new technology and don’t want to commit, or have an older home where installing a tankless water heater might require additional upgrades to the plumbing or gas line. In these situations, renting allows you to get the benefits of a tankless system without the immediate responsibility for the installation or costly home adjustments.
Where is the value in maintenance?
How often do you call your rental provider to repair a hot water issue? Once a year? Likely less? The big rental companies include maintenance as part of your rental water heater contract, but this often doesn’t offset their bills.
When your rental inevitably breaks down, which means a leaking tank, you or somebody in the house has to be available for one of those 8-hour “we’ll be there” windows for service. At ClimateCare, we rarely field repair calls because the regular maintenance included in your water heater purchase catches near 99% of issues before they become actual repairs.
Say Goodbye to Perpetual Payments
Even if you choose to finance your tankless water heater purchase, that monthly payment ends. You never pay more money than the tank is worth, unlike long-term rental contracts, where families often pay up to double the cost of the tank over the course of the contract.
Your rental payment goes on forever. You make very few commitments that are so serious in your life. Should your water heater rental really be one of the longest contracts you get into?
Save Now With ClimateCare
We can save your family money—at least, we think we can if you give us the chance. Call your local Clarity by ClimateCare retailer today and put the savings into action. Find your location here.
