There are many considerations in buying or renting a hot water tank. Over the years substantial savings can be made if your unit is energy efficient. All hot water tanks have an energy rating that is regulated by the Canadian Gas Association (CGA). The type of tank you choose may also depend on what resources you have available in your area, such as gas, electricity or oil. Other factors in your decision include the expenses involved, to buy or rent, installation, maintenance, repairs and the cost of operating each type of tank.
Gas Hot Water Tanks…Your local gas company will provide a new home with the first 100 ft. of outside gas line free, after this, it’s $32.00/m or if you do your own trenching, $5.00/m. Indoor gas lines and standard installation is free for a rental tank, if purchased, then a charge by the contractor applies. The contractor is also responsible for any installation of hot and cold water pipes. In addition to the gas line you will need a gas meter. The gas line is free up to 6 ft. from the front corner of your home. If you require the meter to be placed farther back than this, the same fee applies as the gas line. The service department, at no charge, will arrange for an inspection of your installation. When the temperature of the water in the tank drops, the thermostat sensor ignites the burner and heats the water. The pressure then moves the water to where it is needed.
Electric Hot Water Tanks…Electrical service is usually already established in a home unless it is new construction. When your installation is inspected, your electric hot water tank will run off your current hydro meter and will not require separate billing. The operation of a electrical hot water tank is similar to gas, where if the temperature drops, the elements are activated to heat the water and deliver it to the appropriate hot water tap.
Oil Hot Water Tanks… An oil fuel contractor can install an oil hot water system at a quoted price with minimum piping at no charge. A fuel storage tank must be installed that contains the oil that is used. Typically, a 35 gal. tank is used and can be placed inside or outside the home. Quite often, people who have oil furnaces, rent or buy oil hot water tanks and use the same oil storage tank. Heating with oil is the process of converting the oil to a vapor through combustion. The oil/air mix is ignited at the burner beneath the hot water tank, heated water is then produced and transferred by pipes as required. There are flame retention burners in some oil hot water tanks that mix oil and air more completely, therefore less fuel is needed.