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.

Water Heater Rental vs. Buyout: Which Option is Best?

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:

RentalBuyout
ProtectionYour 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. 
CostYou 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.
SupportEnercare 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 +  

PartsParts 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

Why renting from Enercare is better

When you choose our Enercare Advantage® rental program, you get free installation of your water heater plus coverage for repairs over the life of your equipment** along with priority appointment booking and same-day service if you call before 5 p.m.*** You can transfer your Enercare Advantage® rental agreement to the next owner if you sell your home.

We make renting a water heater affordable and worry-free with: 

We carry a broad selection of high-efficiency gas and electric units to meet a range of needs and budgets.

We’ll help you find the right water heater suited to the size of your home, its water service and your family’s needs.

We’ve installed water heaters for more than one million customers. We hire only licensed technicians and secure all permits in advance to speed up the work.

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Our technicians will drain your existing water heater, whether you own it or rent it from another company.

Get a top-quality water heater for an affordable monthly rental fee.

Water heater terms and conditions and buyout schedule