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:

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

Customer Reviews

4.8 Average (Based on 10,848 Google Reviews)

Nicholas T was an exceptional tech. He took his time to review all issues, how to troubleshoot and provided honest and valuable service. He should be recognized for his outstanding knowledge and customer service. Thanks NT!

Steve TomlinIn the last week

Matt L arrived ahead of booked time which was great as day was already getting hot. He gave the air conditioner unit and pipe work a thorough inspection and cleaning. He was very friendly and easy to talk with, and most informative about the condition of the system. Highly recommend.

Colin NashIn the last week

Nicholas T he came our Home Sunday Morning,we Had issue with Hot water System ,He is really Professional Technician he solved this Issue with 10 Minutes,He respected the window time Period

bajwa harinderIn the last week

The technician was very professional and his work was done well in timely fashion. Unfortunately the parts installed seems to still have an issue.

tony volpeIn the last week

Marcel provided exceptional service and took the time to explain the problem with our a/c unit and the options available to us considering it’s age and issues. We found him to be knowledgeable and courteous.

Jennifer KIn the last week

I was quite pleased with the communication of setting up this appointment on the same day I called, due to an issue with my rental hot water tank. Zach showed up ahead of schedule, friendly and a pleasure to speak to. I noticed his tidiness of work and he certainly made it a good experience.

Rox3In the last week

Everything went well the the Al Zubrickas was very kind and knowledgeable representative. He gave me tips and advice on how to properly keep cool air from dissipating to the basement and that we should always keep the vents not covered.

SeliumIn the last week

Herkant was professional and explained the procedure what he would do to resolve our crisis. He was on time and very responsive to any questions that we asked regarding our plight.

Mwadi ya Kin-MaleboIn the last week

The technician (Kishawn) came out on a long weekend to help with my AC. He diagnosed and solved the problem promptly an efficiently. He didn’t try feed me any nonsense or try to up sell me on anything, just just troubleshot the problem and was on his way.

Adam PhilipIn the last week

The technician patiently explained the issue and worked with us as customers. It was a good experience. Thank you.

Jane SmithIn the last week

Very punctual. Top quality service by Wally C and Sean W! I always trust my maintenance to enercare.

matt barringtonIn the last week

Wally C was a pleasure to have at our home for maintenance.

Cee BeeIn the last week

Why 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**

Water Heater Terms and Conditions and Buyout Schedule

If your water heater was installed:Download PDF
On or after April 1, 2015:Terms and Conditions
Between September 15, 2010 and March 31, 2015:Terms and Conditions
Before September 15, 2010, OR your home was built in 2010:Terms and Conditions
Enercare AdvantageTM/Rental Water Heater Buyout Schedule: 2016 to 2021 installationsBuyout Schedule