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A Local Own Comfort technician with a wrench beside a hot water tank

The Smart Choice

Own Your Hot Water Tank

A 50-gallon high-efficiency tank costs about $2,595 to own. Renting runs ~$50/month, more than $6,000 over 10 years. Ownership pays for itself by year 4.

  • Own your tank
  • Same-day & 24/7 service
  • TSSA-certified · 100% Canadian

The Math

Your payments, year over year

Rental fees creep up 3.5% every year. Owning is one payment — then $0.

Years

Rent

$50 + GST per month, plus 3.5% increase every year

Own

One-time cost of $2,595 + GST — no additional monthly fees

Year 1
$678.00
$2,724.75
Year 2
$701.73
$0
Year 3
$726.29
$0
Year 4
$751.71
$0
Year 5
$778.02
$0
Year 6
$805.25
$0
Year 7
$833.44
$0
Year 8
$862.61
$0
Year 9
$892.80
$0
Year 10
$924.04
$0
10-Year Total
$7,953.88
$2,724.75

After 4 years on a 10-year rental program, you've already paid the same amount you would have if you owned the water heater!

You may consider an optional maintenance check of $495 + GST to ensure maximum efficiency and save on your gas bill.

After 10 years of renting your tank, you pay 3 times the price!

Before and after: old rented tank replaced with a new tankless unit

Why It Adds Up

Stop renting your comfort

Rental water heaters feel cheap month to month, but they never stop costing you — and you never own anything. Owning a high-efficiency tank flips that: a few years of savings, then pure savings after.

  • Recover your investment in 3–4 years
  • Save roughly 3X over 10 years vs renting
  • No buyout fees or contract surprises
  • You own a quality, high-efficiency unit

FAQ

Own vs rent questions

Owning is dramatically cheaper over time. A 50-gallon high-efficiency tank costs about $2,595 installed, while renting runs roughly $50/month — more than $6,000 over 10 years. You typically pay off ownership in 3 to 4 years and save about 3X over a decade.

In most cases the same day. We carry common units and offer 24/7 service, so many customers call in the morning and have hot water restored the same afternoon — even on weekends.

Guelph, Kitchener-Waterloo, and Cambridge, plus surrounding communities. We're locally owned and based in Guelph at 3 Watson Road, Unit 6.

Yes. Our team is TSSA-certified and WHMIS-trained, with manufacturer certifications including Navien, Rheem, and System 636. All gas work is performed by licensed gas-fitters.

Absolutely — we offer 24/7 emergency heating and plumbing service. If your water heater fails or your furnace goes down, call (519) 500-5353 any time.

Name-brand, high-efficiency equipment: Rheem, Giant, and Bradford White tanks; Navien and Rinnai tankless; Viessmann and IBC boilers; Novo and Aqua Flo water treatment; and Keeprite furnaces.

Ready When You Are

Ready to stop renting?

Call us to own your hot water tank — friendly, local, no pressure.

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