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Rent or Buy a Boiler

Sterling Plumbing & Heating specializes in Boiler repair and installations. We are one of the few remaining companies in Western Canada to employ traditional Boilermakers.
When deciding to rent or purchase your furnace, you may wonder what the differences between each option are.
Furnaces are considered an investment so we understand many factors could be at play. Here are the differences between renting a furnace and owning it:

Benefits of Renting

A furnace rental would begin by signing a long-term contract with a specific monthly rate based on the length of the contract. This method means less upfront costs for the unit and rather a lower monthly payment over a period of time. In addition, you do not need to worry about the potential costs for repairs as this would be included in your rental agreement.

Benefits of Owning

Choosing to own your furnace can become an asset when selling your home or business. However, the cost upfront for the furnace unit, materials, and labour can be high due to high intensity of the installation. You will also be responsible for scheduling regular maintenance and for the costs that may arise from repairs through the lifespan of the furnace.

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