Renting vs. Buying a Water Heater

Many people currently rent or lease their water heaters instead of buying them. Homeowners find the idea of worry-free maintenance and repairs, free installation and low monthly fees appealing. However, if you plan to live in your home for many years, purchasing a water heater is clearly a wiser financial decision.


Water Heater Rental Cost Over Time
Most hot water heaters can be expected to last about 10 to 12 years. Over the life of the appliance, renters will pay far more than what the heater would have cost if purchased and installed. For example, if a homeowner paid $25 per month in rental fees, the total rental cost for 10 years would be $3000. The same water heater may have only cost around $800-$1000 fully installed.

Water heater rental fees often increase as time goes by. This can leave renters locked into an agreement to pay more and more every year for their aging unit. Some long-term rental agreements even require an expensive buy-out if you decide to switch suppliers or no longer need the water heater.

Understand Your Options
Renting may offer a convenient or even necessary option to those who will only be living in their current residence for a short time. It may also be beneficial for people living in areas of hard water where the heater’s lifespan will be compromised and repairs are more likely, but for most homeowners, the savings over time would more than cover any repair or replacement cost.

New hot water heaters are generally covered under a warranty for a limited period of time. After warranties run out, owners are responsible for all repairs, but this does not necessarily mean that the cost of repair will be unaffordable, especially when compared to paying more than four times the worth of their appliance in rental fees. Buying your hot water heater also gives you a wider variety of choices. Eco-friendly options, favored brands and high-end models may not be available as rentals.

Spend Wisely, Save More
The decision to purchase a hot water heater rather than renting it is a clear example of spending money to save money. For financially stable homeowners who plan to use their water heater for several years, buying the appliance offers more benefits in the long run.

Tankless Water Heater Certified Installer Raleigh NC

Tankless Water Heater

Traditional water heaters consume large amounts of electricity or natural gas and can only supply enough hot water for two or three showers. Because of these issues, many energy conscious homeowners are making the switch to tankless water heaters to save money and avoid headaches.

Unlimited Hot Water
With a tankless water heater, you will enjoy an unlimited supply of hot water. Instead of heating dozens of gallons of water in a large tank and maintaining it at a certain temperature, a tankless water heater simply heats water as it passes through the heating elements. You’ll receive water at your desired temperature within seconds, and you could leave the hot water running for a whole week without running out.

A water heater tank can fill up an entire closet by itself, which limits where it can be placed in the house. A tankless water heater is small by comparison, often measuring as tiny as two cubic feet. Because it doesn’t store water, it is lightweight and can easily be mounted to the wall. Even if you place it inside of a closet, you will still be able to use most of the closet for storage however it must be placed on an outside wall so that it can be properly vented to the outside.

Energy Savings
Tankless water heaters are incredibly energy efficient. Although they can use 15 to 30 kW of electricity, they actually end up using less energy than water heat tanks. Remember that tankless water heater only turns on when you need them, but water heater tanks can take hours to warm 50 gallons of water to the target temperature.

Manufacturing processes have improved over the past few years as tankless water heaters have become more popular, and they now cost little more than some traditional models. However, the energy savings will quickly make up for any extra installation costs. Depending on your family’s hot water usage, you will save 25 to 40 percent off of your hot water heating costs every year.

Plumbing Services Raleigh NC

Water Heater Trouble? Call 919-661-6334

Water heaters are dependable appliances that can last up to 10 years. We can help you extend the life of your equipment and receive optimal performance by establishing a regular schedule of care, maintenance and other Raleigh water heater services. Like other major systems, water heaters send distress signals when there is a problem. One sign that your unit may be failing is that it quickly runs out of hot water. This issue could be due to excess sediment, inadequate insulation or malfunctioning parts, such as thermostats or heating elements. Improperly sized equipment can cause you to run out of hot water as well.

Hard water deposits make it difficult for your equipment to heat the water. They reduce the capacity of the tank and make your water heater work harder. Insufficient insulation causes the tank to lose heat, wastes energy and increases utility bills. Worn out or defective parts can prevent your equipment from heating the water. Changes in schedules or routines make it difficult for smaller water heaters to meet the increased demand. Your household may need a larger model.

A small leak can quickly become a major leak at the worst possible time. The solution will depend upon whether the water is coming from the pipe or the tank. This problem requires immediate attention because excess moisture increases the risk of mold and property damage, which are expensive and difficult to repair.

A gas leak and improperly vented carbon monoxide can endanger your home and family. We can repair your pipes after the utility company identifies and stops the leak. Our trained technicians can inspect and service your unit. Inspecting the connection fittings every six months is essential if you have a gas-fired system. We can replace worn out or defective equipment and repair water and gas pipes.

Our team can help you incorporate energy conservation measures, such as installing a timer on your water heater. If your equipment is reaching the end of its serviceable life, we can help you select an energy-efficient model. Give us a call to learn more about Raleigh water heater services.