Anyone here have any experience with OEG? They are going door to door in ottawa offering to upgrade hot water tanks to fiberglass or tankless systems while in the area.
Is OEG a reliable company? Is it worth replacing a metal tank (less than 10 yrs old) with fiberglass for $1600 (installed), or $3900 for tankless?
1600 and 3900 include the installation and the conversion from electric to gas, yes.
Have you considered renting a hot water tank instead of owning one, it will probably cost you less than $20 a month for a pretty good one. I used to rent one, than bought my own to save from renting but it only lasted 10 yrs. When I worked out how much I would have paid to rent it came out to be almost the exact amount. They are suppose to last a lot longer than 10 yrs but you never know when they are going to go & fixing them is also extremely expensive. IMO it may be better to rent one because when they die, the company gives you a new one free. It would also save you from dishing out $1,600 or $3,900 bucks. Just a suggestion.
There is almost never anything efficient, environmentally friendly or cost effective about replacing a major appliance before it breaks down. When your hot water tank starts to leak or ceases to produce hot water for any other reason, replace it. Not a moment before. If you expect the use value of this appliance to be $1,000 or $2,000 per 10 years... you'd be losing out on quite a bit money by changing something that could last another 10-20 years. There's no energy efficiency that would recoup that kind of money.