Tankless Water Heater Contract Help for London Homeowners
If you signed an unfair tankless water heater contract at your London home, the 2018 amendments to Ontario's Consumer Protection Act may apply.
Tankless Water Heater Contracts in London
London homeowners with tankless contracts frequently discover their agreement was assigned to a finance company they had never met, with buyout figures bearing little relationship to the equipment's true depreciated value.
What This Equipment Is Actually Worth
True installed value of a residential tankless water heater: roughly $3,000 to $5,500 for a competitively quoted installation including venting and gas line work. Door-to-door tankless contracts routinely run total obligations of $20,000 to $35,000+ over the life of the agreement.
Tankless water heater contracts typically run 10 to 15 years, with monthly fees that compound to several times the equipment's installed value.
The 2018 Amendments Most Often Triggered
Unconscionable Pricing
Tankless water heater contract obligations several times the equipment's installed value are central to this ground.
Unsolicited Contact
Door-to-door tankless water heater sales fall within the restrictions added by the 2018 amendments.
Misrepresented Energy Savings
Energy savings claims used to justify a tankless contract that never materialise are a recognised misrepresentation.
Where to Start
- Locate the original agreement, including the cancellation period notice and any rebate paperwork.
- Pull a parcel register on your London property to identify any registration on title.
- Photograph the data plates on your tankless water heater so the equipment can be valued accurately.
- Stop responding directly to the installer or finance company once you have agent representation.
- Book a free, confidential review.
More on the London context: London HVAC contract help.
Tankless Water Heater Review for London Homeowners
A confidential conversation tells you whether your London tankless water heater contract is one of the agreements the 2018 amendments were written for.