Water Heater Rental vs. Buyout: Which Option is Best?
If your water heater is eight years old or more, you might wonder if you should just buy it out. But continuing your rental agreement for an older water heater gives you ongoing coverage for maintenance and repairs* — even after the manufacturer’s warranty is done.*
Since older water heaters, like all equipment, may be prone to more breakdowns near the end of their lifetime after the manufacturer’s warranty has expired and a single repair (e.g. ventor assembly repair+) could cost more than what’s left on your rental agreement, buying out could actually end up costing you more.
Ongoing Protection, Low Monthly Payments
Here are some facts to help you decide whether you should continue to rent or buy out your water heater:
| Rental | Buyout | |
|---|---|---|
| Protection | Your Enercare AdvantageTM rental gives you peace of mind with free maintenance and repairs for the life of your unit.** Our trained technicians carry out all their work to the highest standards of quality and timeliness. | When you buy your unit, you take on the responsibility of paying for all repairs, parts and labour. |
| Cost | You pay one predictable, competitive monthly fee for your Enercare AdvantageTM rental. | You pay a single lump sum buyout fee and assume ongoing costs of maintenance and repair. |
| Support | Enercare AdvantageTM gives you unlimited service calls* and 24/7 access to 700+ certified technicians, with same-day service if you call before 5 p.m.** and disposal of any tank that’s no longer up to code.*** | You may have some coverage under the manufacturer’s warranty, but that will expire at some point with an older unit. Even if a warranty is available, you will still need to find a third-party contractor to carry out servicing and repairs. |
What Could Maintenance and Repairs Cost?
When you buy your water heater outright, a single service call could cost several hundred dollars
Typical Water Heater Repairs +
| Parts | Parts and Labour Costs (Customer-Owned Tank) |
| Venter Assembly | $827.00 + Tax |
| Gas Valve | $526.00 + Tax |
| Flame Sensor | $342.00 + Tax |
| Thermocouple | $183.00 + Tax |
What Our Customers Think About Us
Thank you to Mitza B, and the installation crew of Corrado, Dave and Charles for turning around a bad situation in a short time. The 14 year old AC at my elderly parents home decided to quite during the really hot spell in end of June/early July. The Enercare team did their best to accommodate us an…
Nicholas YoungIn the last weekSheila was quick and helpful. Appreciate having service in a timely manner….
Ruthanne WardIn the last weekService done by Harsh Patel and Sabah. Excellent job….
Mauricio BobadillaIn the last weekCliff was an amazing technician. He took his time to do the install and make sure everything was done right. He replaced our old ac filter, cleaned the inside of the ducts to insure proper airflow. He replaced all lines from inside to outside of the house. He replaced the breaker. He extended the pi…
Alvin LeeIn the last weekGerry Jackman was the representative and he was professional and courteous….
Mary PollardIn the last weekKhpelwak Asadullah fixed our water heater leakage . Amazing technician, very caring and professional….
AryaIn the last weekShah and Jacob did a fantastic job in replacing our old water heater. It quit suddenly on us one morning and they were here less than three hours after calling. They were both very professional and polite. The job was done in an efficient and unobtrusive manner and they left the job site in a really…
Sonia PIn the last weekJohnny T was amazing and extremely helpful. It was amazing that he came a day ahead of when he was supposed to. He knew exactly what it was and we were up and running again in less than 15 minutes – so happy!!!…
Nanci ColeIn the last weekKhpelwak Asadullah, came to fix our water heater, he fixed it for us and also ordered a new part to fix the issue. He was very nice and knowledgeable and explained the issue very well and helped us to understand the solution also. He was great to work with….
Rutab HadiIn the last weekEnercare tech Sebastian P was polite and courteous and answered any questions we had. Does his job well and covers everything that should be looked and and informs you of upcoming things that might or will have to be done for the next visit….
Dave WestlakeIn the last weekShawn is a professional! Great attitude and tried everything to fix the issue with the air conditioning!!…
Lucia CostaIn the last weekKashif did an amazing job….
Jashanpreet SinghIn the last weekWhy Choose Enercare to Protect Your Water Heater?
When you stick with Enercare AdvantageTM, you continue to enjoy:
Unlimited service calls*
24/7 access to 700+ licensed technicians
Free repairs and maintenance for the life of your water heater**