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
Akbar fixed our leaky water heater and provided suggestions on how to protect the immediate surroundings in the worst case scenarios. Very friendly with great attitude….
Brian IpIn the last weekSyed visited our home to diagnose/troubleshoot our water heater. He was extremely knowledgeable and professional and took the time to explain exactly what was wrong and how to prevent it in the future. His pleasant personality and sense of humor added to the positive experience….
Nikhil NadarajahIn the last weekSean Kim was excellent—effective, efficient, and very polite…
austin ledrewIn the last weekSteve was on time for the furnace appointment, efficient with his time, yet he communicated well about his findings, so there were no surprises! Very friendly, positive and pleasant!…
Adriana GrandeIn the last weekAfter our very old furnace broke down we had Enercare come install a heat pump the very next day…on a Saturday! Andrew and Chris did an amazing job with the install. They put mats down so our floors would not get dirty. They were polite and respectful. They explained everything they were doing so …
Tanya MacLeodIn the last weekJesse handy was very efficient and informative helping solve the issues with our heat pump. He was thorough in his explanations and asked if we had any questions. Had suggestions as to how it would be more economical to run the system. Said he will follow up when he gets info from the supplier if…
keithpicardIn the last weekGreat experience with the Enercare contractor Kasra who installed my furnace. He was professional, efficient, and very informative, taking the time to explain everything clearly. Excellent work—I would definitely recommend him….
Karl CheongIn the last weekThank you, Bernard Buzindovyi for thoroughly performed service, on time, left us very satisfying all the explanations and answered all our questions!!! 5 stars!…
ValvikIn the last weekShawn is a champ…
Joel CarriereIn the last weekWe have had enercare in for various plumbing issues over the last year and the quality is always top-notch. Most recently appreciative of Taylor’s and Brandy’s work. We also appreciate the lack of pressure to upsell!…
Catherine M.In the last weekEfficient Clean No headache…
Anthony PinheiroIn the last weekService outstanding,technician very prompt, pleasant and and fast completing his work on my furnace….
Kerri McallareyIn 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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