Are you one of the many Canadians renting your water heater? You might be paying an amount every month for something you will never own. As years pass by, those fees add up to thousands of dollars.
In addition, water heating alone accounts for about 17% of household energy use in Canada (Natural Resources Canada), making it one of the largest ongoing costs in your home. Switching to a tankless water heater can reduce that burden by using up to 30% less energy than standard tanks, helping you save both money and energy.
However, if you opt to pay rent, you keep paying monthly with no return on investment. So, what’s the way to come out of it? For many Canadian homeowners, a rent-to-own tankless water heater is a practical solution, offering a trusted pathway to ownership without large upfront costs.
This program converts the payments you are already making into ownership, allowing you to gradually own the system over time without straining your budget.
Reasons Homeowners Prefer Owning a Tankless Water Heater
Owning your water heater has long-term financial and personal benefits. Here’s why homeowners are moving from rental to ownership through rent-to-own plans.
Stop Paying Rental Fees Over Time
Renting a water heater might seem convenient at first, but monthly fees add up fast. Many Canadian homeowners pay between $25 and $50 each month for rental units, which can total over $600 a year. Over 10 years, that’s more than $6,000 to $10,000 without gaining ownership.
A rent-to-own tankless water heater plan turns that same monthly expense into an investment. Each payment brings you closer to ownership, ending the endless rental cycle and saving you from steadily increasing rental rates over time.
Gain Long-Term Savings
Tankless models heat water only when you need it, cutting energy waste common with tank systems that store heated water 24/7. Over time, that efficiency leads to lower utility bills and better energy use.
Owning your tankless water heater also saves on rental costs. When you’re done with monthly payments, you no longer owe a provider anything. The heater continues to serve you efficiently for years, giving you hot water and a strong return on every dollar spent.
Enjoy Full Control and Flexibility
When you rent, the provider decides the maintenance schedule, equipment type, and sometimes even repair timing. Ownership gives you full control, which means you can decide who services your unit and when upgrades are done.
If you ever plan to move, you don’t have to worry about transferring rental contracts or uninstalling equipment, because the system is completely yours and moves with you as part of your home’s value.
How the Rent-to-Own Program Works
A rent to own tankless water heater method is to make ownership affordable and accessible. Every process is easy to carry out, guaranteeing you peace of mind.
Step 1: Apply for the Program
First, fill out and submit the application to join the rent-to-own program. The procedure is straightforward and aimed at homeowners who want dependable hot water without paying a large upfront cost. After submitting basic information regarding your property and water usage, the team will review your application and assist you in picking the water heater that best suits your requirements.
Step 2: Installation by Certified Technicians
The installation will then be carried out by certified technicians as soon as your application is approved. The installation has to be done according to the local safety standards to make sure that the water heater is safe and it will be working efficiently. You will not have to deal with any wiring, plumbing, or setup headaches. The technicians will also guide you on how to operate and take care of your new heater so that it performs at its best.
Step 3: Make Monthly Payments
You will start to make manageable monthly payments after the installation is complete. These payments include the rent for the water heater, along with the service and maintenance, which are provided throughout the rental period. This plan ensures uninterrupted hot water, keeps your household budget manageable, and helps protect you from unexpected repair bills.
Step 4: Transition to Ownership
After the rental period is over, the water heater’s ownership will automatically be transferred to you. There are no hidden fees or extra charges, and you gain the satisfaction of owning reliable equipment that has been heating your home efficiently for years.
This is the ultimate goal of a rent to own tankless water heater program, turning monthly expenses into full ownership.
What Happens After You Own Your Tankless Water Heater
Once you complete your rent-to-own plan, you gain full control of your water heater and can get several long-term benefits.
No More Rental Costs
Once the contractual term ends, you stop paying monthly fees. The money you would have spent on rental fees stays in your savings, which can add up to hundreds of dollars every year. You’ll never need to return the heater, renew service contracts, or worry about incremental rental rate adjustments.
Continued Energy Savings
Tankless systems keep saving operational costs even after ownership. They use about 20 to 30% less energy than conventional storage tank models by heating water only on demand. These systems can work efficiently throughout their lifespan when regularly maintained, ensuring long-term performance.
Long-Term Reliability
Tankless water heaters are designed for operational longevity. With regular maintenance and servicing, they give high performance for a longer time than traditional storage tanks, which generally have a lifespan of 20 years at most.
A strong system is like a guarantee of comfort. You will get hot water all the time, performance will be stable, and you will worry a lot less about the water heater components failing for a long time.
What to Review Before Signing a Rent-to-Own Agreement
It is very important to check the contract very well before you finally decide to buy the tankless water heater of your choice on a rent-to-own basis. That way, you will know the complete value and conditions of your deal.
Contract Duration and Total Cost
Most of the rent-to-own schemes have a period of agreement specified in the contract, which usually is 7 to 10 years. Please calculate the amount of payment for the entire contract period and price it against the upfront price of the system. Renting to own usually allows very small monthly payments without the need for a big upfront investment.
Maintenance and Service Terms
Find out what kinds of maintenance and repairs are included. Some plans have full-service for the whole term while others may take care of more significant issues after you perform minor maintenance yourself. Opting for a plan that comes along with complete service coverage will help ensure your water heater operates at no or very little downtime.
Choosing a Trusted Provider
Choose a licensed and certified HVAC contractor with experienced technicians and clear pricing. Seek for companies that have authentic customer feedback, readily available contracts, and local customer support. A trustworthy vendor will guarantee your proper installation, provide you with good quality parts and support you in case any problems occur.
Bottom Line
A tankless water heater is a smart step toward comfort, savings, and long-term value. It gives you dependable hot water when you need it and helps cut down on energy costs month after month. Instead of paying for a rental you’ll never own, investing in your own system lets you enjoy full control and lasting benefits for your home.
At Infiniti Home Comfort, we make the process simple. Our licensed technicians install high-efficiency tankless water heaters suited for Canadian homes. With quality products, fair pricing, and expert installation, you’ll enjoy steady hot water, lower bills, and peace of mind that lasts for years.
