Buying a Tankless Water Heater in London
Financing available for as little as $35/month.
Why Buy a Tankless Water Heater?
Tankless water heaters provide a continuous and endless supply of hot water while a traditional water heater risks emptying its tank long before you’re finished needing hot water. Have you ever found yourself last in line for a shower in the morning and ended up with nothing but cold water!? Thought so. You’ll never face that problem with tankless water heaters.
What About the Cost and Security of Renting?
If you’re like many people in Ontario you rent a traditional water heater. Month after month you spend $25 or more to have a traditional water heater in your home (Check out our video above to learn more about the true costs of renting!)
How Does a Tankless Water Heater Work?
But how many other critical appliances in your home do you rent? Your washing machine? Refrigerator? Oven? Television? Why are we so comfortable renting a water heater but not all of the other appliances? And why do we settle for the rental companies outdated technology when we could be saving money by being more efficient and better for the environment!?
We’re told we should rent a traditional water heater for the “security” of having the tank replaced for free should it ever fail. But you can see from the chart above (“The Cumulative Costs: $25 Monthly Water Rental”) that unless your water heater breaks down and gets replaced every 3 years then your replacement is far from free!
The Energy Savings of a Tankless Water Heater
How much do you spend each year keeping a large tank filled with hot water “just in case” you need to use it?
The chart on the left illustrates the cumulative costs of renting AND keeping a large tank of water hot. The chart on the right compares those cumulative costs to the energy savings of a tankless hot water heater that you own (like you do with EVERY OTHER APPLIANCE in your home!)
You can see that by year 7 in this example you are already well ahead financially by owning your own tankless hot water heater. 25 years from now you’ll be ahead by nearly $8000.
You own everything else in your home because it just makes sense. Water heaters are no different!
Contact us to upgrade to a better water heating solution while saving yourself money!
Call: (519) 455-0453
Schedule a free in-home tankless water heater consultation with a Finan Home Service Comfort Advisor: