Own Your Hot Water Tank

Stop Renting. Start Saving.

If you’re still renting your hot water tank, you’re likely spending at least 3X more over 10 years than you would if you owned it. Most homeowners don’t realize just how much money is going down the drain in rental fees.

At Local Own Comfort, we make it easy to switch. We offer high-quality, energy-efficient hot water tanks that you can own outright, installed by trusted local professionals—with no monthly fees and no contracts.

  • Stop Overpaying

    Rental fees keep rising every year. Over 10 years, you’ll pay more than 3X the cost of a tank you could’ve owned outright.

  • No More Monthly Bills

    Owning means one upfront cost and that’s it—no ongoing rental payments eating into your budget.

  • Total Control

    You own it. That means no surprise rate increases, no long-term contracts, and the freedom to choose the right tank for your home.

Buy vs Rent: 10-Year Comparison

When it comes to heating your home’s water, the decision to own or rent your hot water tank can make a huge difference in long-term cost. 

Take, for example, a 50-gallon, high-efficiency hot water tank installed by Local Owned Comfort for $2,595 plus GST. Once installed, it’s yours—no monthly fees, and with proper maintenance, it can last 10 years or more.  Over the life of the water tank, all parts and labour are guaranteed, which means no additional costs.

Now compare that to renting the same tank for $50 plus GST per month. Over just 10 years, you’ll end up paying more than three times the cost of ownership—and you still won’t own it.  And this does not include increases in that monthly rate, which will always go up at least 3.5% per year!

Here’s a side-by-side breakdown of what that really looks like over a 10-year period:

LOC - rent vs own

As the chart shows, the upfront cost of owning your tank is higher in year one—but that’s where your payments end. By year four, the total amount paid in rental fees catches up to the cost of ownership. From that point forward, every monthly rental payment is money you didn’t need to spend. By year ten, you’ll have paid more than three times the cost of owning—and you still won’t own the equipment.

Choosing to own means keeping more money in your pocket in the long run.

The water tanks we install are made in Canada, are of high-efficiency and consists of many of the top brands including Rheem and Navien.

Serving the Guelph, Kitchener-Waterloo, and Cambridge areas.

All Our Work is Fully Guaranteed

When you get a high-quality, energy-efficient hot water tank from Local Own Comfort, all our work is guaranteed. If you have any issues with your tank, we will fix it at no additional cost.

No surprise charges. No runaround. Just honest, dependable service.

  • Fast, clean installation
  • Disposal of your rental tank
  • Friendly local support before, during, and after your install
Own Your Hot Water Tank