Why it’s better to own your water heater than rent
They’re common just about everywhere but here in Canada, but they are finally gaining popularity.
Tankless water heaters turn up now in more new home builds and home upgrades than they used to as homeowners and builders look for ways to save money and consume fewer resources.
Tankless water heaters warm water as it passes through the system using a heat exchanger. There is no storage tank.
This is great for a number of reasons:
- You get exactly the amount of hot water you need. You never pay to heat more than you use.
- Your water is heated more efficiently.
- You get back space wasted by a large tank water heater.
- You replace yours less frequently than tank-type water heaters.
Are you ready to make the change?
You get exactly the amount of hot water you need
With a storage water heater, families are limited by the size of the tank. When a family of 4 all need to shower for school/work, the last 2 family members are usually out of luck. A cool shower in December isn’t a great way to start the day.
By heating the water through a powerful heat exchanger when you need it, tankless water heaters give you exactly what you need.
Even if your teenagers continue with their marathon morning showers, you can still enjoy a comfortable shower (and your overall water heating bills might even drop without any changes in the morning routine).
Your water is heated more efficiently
Families interested in saving on the monthly energy bill love the potential reward of choosing a tankless water heating system.
Heating water when needed means your showers, dishwasher, washing machine and other hot water consuming activities use up to 34% less energy.
Over a year, that adds up.
You get your space back
Your tankless water heater is about the size of a couch cushion. It hangs on the wall, freeing up floor space without cutting back the amount of water for your morning showers.
The heater could even be installed directly in your washroom, although most of our customers opt to install in the basement, where the old water heater was.
Either way, you end up with some extra space somewhere in the house. More storage space is always appreciated!
You might never have to replace it
A tankless water heater costs more to purchase than a conventional storage tank water heater, however, the long-term savings more than make up the difference.
Tankless water heaters can last up to twice as long as traditional units, offsetting the higher purchase price. Most tankless water heaters have a life expectancy of more than 15 years, along with easily replaceable parts that extend their life much longer.
Get yours with a monthly cost of ownership plan
Renting a water tank, especially a tankless unit, is surprisingly expensive.
A tankless heater from the big utilities costs about $40 a month. Forever.
We’ve heard of families paying for the rental for more than 20 years. That’s a $9,600 water heater.
Purchase yours and work out a nice payment plan that will end once the unit is paid off.
So what are you waiting for? Give us a call to talk it over today.