Even a google group search for this topic doesn't seem to return as many results as i thought it would.
I'm in a now 1 year old house with 3.5 bathrooms, one with a jaccuzi tub. When we bought the place the builder suggested renting a heater from the local energy supplier and that the 'big' one would be best since we had the tub. So i believe we have a 50 gallon natural gas powervent which costs us $20 (canadian) a month. We knew nothing about water heaters when we bought the house.
Since we plan on staying in the house for a long time to come we're trying to decide how best to save money. So there is the question of the water heater. Continue to rent, buy it out from our energy supplier, or buy one ourselves from homedepot and pay all the miscelaneous installation and removal costs.
One would assume that buying will be cheaper than renting in the long run but after reading enough online information i'm not totally sure. A couple repair calls and you've spent a large chunk of money on something that would have been covered under rental. We do have a water softener so we're not as worried about mineral buildup damage which seems to be one of the main reasons to rent.
How does one decide wether or not to buy a heater over renting?
Any thoughts appreciated.
Kevin