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
The job done by him is really appreciable ,very polite behaviour,explains overall ricardo green did nice job…
Rajeev SharmaIn the last weekMash was the technician that came and fixed the valve leak on my hot water heater. Was on time, polite, and very professional. Replaced the valve and had it all fixed extremely fast. I very much appreciated his help. An easy 5 stars…
Steven ThomsonIn the last weekDave Burtch was extremely professional and respectful of my home,. Had a very positive experience…
Vern NamekIn the last weekYogesh Joshi did great job….
Dhnesh KumarIn the last weekPunjab and his installation team were excellent to deal with. Called to tell me they were on their way, installed both systems in estimated time. They left everything clean and in order. John Eagle was great to deal with and organized the installation quickly….
Edward BugejaIn the last weekI have used Enercare for years and I’m always impressed with the techs and the service. Howard was fantastic explaining how my tankless water heater flushing worked….
Shelley PetersIn the last weekVery pleasant very polite. Did a very good job. Very happy with the service. Thank you very much, Kurtis Roy and Caitlyn French. You were a pleasure to have in our home at 1939 cherry hill Peterborough…
dave burtchIn the last weekWe had our water tank replaced on Friday. They were very efficient. The work was done clean and they came on time. Good job, Ethan and Billy Thanks. Charlie…
Charlie BartoloIn the last weekJust had my duct cleaning done by Anshdeep. Real great and friendly gentleman. Highly recommend. Took his time to clean out all the vents after having my renovations completed. He took the time as well to explain everything what he did during his appointment. Highly recommend Anshdeep Thank you E…
Ryan GopalIn the last weekMoh Nawar and his partner installed a new water heater in my home. They were extremely efficient and friendly. Moh Nawar explained everything in detail from start to finish. Very pleased with the service….
Christina WilliamsIn the last week“Kristopher” was super polite and efficient….
Lindsey BeareIn the last weekRicard Green was wonderful today. He had a wonderful and cheerful attitude toward my whole family including my younger siblings. I would 10/10 love to have him again for any of my enercare services…
TrixieIn 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**
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