Why hot water heater rental may not be as cost-effective as you think.
"It's boring, but essential."
That pretty much covers how most homeowners feel about the topic of water heater rental, and whether or not the finer details of that contract are worth the weight off the upfront costs of ownership.
But in the cold, crisp, snowy winters of southern Ontario, don't benefits like endless hot water on demand sound like they're worth a conversation?
We take our hot water heaters for granted, no doubt: enjoy a hot shower, get the dishes done more effectively, pay the rental bill, move on.
But take a a look at some of the savings and benefits that come with owning a tankless hot water heater vs. renting a traditional one.
You can save $2,300 in water heating costs.
According to energystar.gov, by going tankless your annual water heating bill will be $120 CAD* less on average than a gas storage water heater.
That works out to a whopping $2,300 CAD* over a tankless water heater’s lifetime for a family of four! *Amount converted into Canadian dollars.
You'll use less energy.
A tankless water heater is 24-34% more efficient for homes that use 41 gallons or less of hot water daily, according to energy.gov.
For homes using 86 gallons of hot water a day, a tankless water heater is cited as being 8-14% more efficient than a conventional water heater.
As a result of its lower energy usage, a tankless water heater has a smaller ecological footprint. And such energy efficiency lowers the cost of your utility bill.
Why?
Unlike a hot water tank that stores hot water in its tank until it’s needed, a tankless—or on-demand—water heater doesn’t store water in its tank. A tankless system only heats water as it’s needed. This is reason why tankless water heaters are so energy efficient.
You'll get endless hot water, on demand.
Tankless water heaters are known for providing endless, consecutive hot water to busy homes. Whether this be for a shower, a dishwasher, or washing machine. You can count on a steady supply of hot water on which your family can depend.
This means you will no longer have to suffer from consecutive cold showers.
You'll get more living space thanks to the system's small size.
An on-demand water heater—also called tankless—is small: only about the size of an airplane carry-on bag. It can hang on the wall, not taking up any precious floor space.
A traditional water heater, on the other hand, is a monster: measuring in at about 5’ high and 2’ wide. It holds 40 to 60 gallons of water at all times, after all!
You'll get a longer-lasting system.
Did you know that on average, a tankless water heater has double the lifespan of a conventional hot water tank?
This long-lasting workhorse is an excellent investment that will be an asset to your household for decades to come.
