You are probably paying $50.00 or more per month to just maintain the heat in a tank type water heater. WHY? Because the tank system looses its heat up the flue and then reheats, even while you sleep or are at work. This is called standby heat loss.
The payback period for tankless water heaters is 3 to 7 years depending on how much hot water you use and the cost of energy. The smaller the amount of hot water that you use, the faster the payoff. If you are single and are seldom at home using hot water, your energy bill reflects the low consumption because tankless water heaters do not experience standby heat loss. Rewarding conservation is a key toward protecting future fresh water supplies.
Switching to a tankless water heater is easy. You can rent a Rinnai tankless water heater for about $35 per month. If you live in Anywhere in Toronto, Bramton, Hamilton or all of the GTA, all you need to do is send us your information and we’ll give you a free assessment. You can get started today. You will receive a Rinnai tankless water heater installed by a licensed installer and the cost of a standard installation will be completely covered. In a few hours you will have your own tankless system!
Another benefit of renting is that you will still qualify for the ecoEnergy rebate from Natural Resources Canada. Click here for more details.