Buying vs. Renting a Water Heater and the Effects of Hard Water
Water heaters account for almost 20 percent of a household’s energy usage. That is a significant expense in any budget.
Water heaters are an essential item for any household. However, many factors can make your water heater less efficient, like hard water and could end up costing you more over time.
Here is your quick guide on everything you need to know about buying versus renting a water heater. Plus, learn about the effects that hard water has on your home.
What You Need to Know About Renting a Water Heater
The majority of people rent their water heaters. This choice has been the trend because it’s low-maintenance and convenient. You are not liable when something goes wrong, and the installation expenses are taken care of by the rental company.
Here are some benefits of renting:
- The rental fee covers the cost of maintenance and repairs
- The rental plan includes services for free installations
- The monthly payments are relatively low and minimal
- Good option if you are staying in your home for a short time
What You Need to Know About Buying a Water Heater
Many homeowners may not think it is worth it to buy a water heater. However, there are many practical reasons why you should buy versus rent.
Water heaters are usually covered under warranty so that repairs won’t be an issue during that time.
If you plan on staying in your home for a long time, you should most likely buy your water heater. Many water heaters cost on average between $800 and $1,500 outright.
Renting a water heater can cost a homeowner on average between $25 to $40 a month. Over the course of 12 years, renting a water heater would cost anywhere from $3,600 to $5,760.
The one-time expense might be less than the monthly costs added up over 10 or 12 years. But also keep in mind that maintenance and service call charges in the outright purchase will bring the cost closer together. Moreover, water heaters with no maintenance only last approximately 8-10 years. So, it’s better to rent than to buy.
The Effects of Hard Water on Your Water Heater
Hard water has been shown to decrease the efficiency of water heaters. This is because hard water contains more minerals, and these minerals can harden on the bottom of your water heater. The buildup slows water pressure and makes your water heater work harder.
Contact Us for Your Water Heater Needs
Buying versus renting a water heater can be a tough decision. To make the best choice, think about how long you plan to live in your current house and whether or not you live in an area with hard water resources.
Contact us at Aire One Heating and Cooling if you are in the market for a new water heater and living in the Guelph, Cambridge or Waterloo areas.
We are one of the most knowledgeable companies in the Southern Ontario region on providing the best water heater for your needs.