Talked to the water heater people today (Enercare) and it's going to cost around $950 (+tax) to buy out the water heater! It's a 2011 model so already over 4+ years old. That's the only way to get out of that rental contract. As for the furnace, we can get out two ways; either we buy the existing furnace that we are renting from them (Reliance) at $3500 plus tax, or pay an admin fee (around $100+) and have it removed at our cost and then buy our own furnace. The existing rental furnace is a Ducane that was installed in 2013, so pretty new... The sticker says it is a 95% efficiency but I don't know if it's a single or dual stage... hard to locate the serial #.
So if I go brand new on just the furnace I will dish out somewhere around $4000 installed (no clue how much it would cost to remove the existing furnace). But then I have new furnace for a little more than buying out their Ducane that is going on 3 years. The water heater obvioulsly makes no sense to buy right now. Paying $1000 to then buy a new one would be pointless. I'm better off just dishing out $30/month for the WH rental for now. Question is, how long do WH last on average?
What would you do? I'm leaning towards exiting the furnace contract then installing a good high efficiency furnace and just stick with the WH rental.