How to Save Energy, Money and Never Run Out of Hot Water in the Shower Again!


    EnWise Urges Three Million Ontarians Who Rent their Water Heaters to
    "Yank the Tank(TM)" and Switch to a Tankless Water Heater

    TORONTO, Feb. 21 /CNW/ - Consider the logic behind a traditional hot
water tank - it's like keeping a kettle full of water boiling on the stove
just in case someone decides they may want a cup of tea at some point during
the day. Now, replace that kettle with a standard 50 gallon hot water tank.
Everyday, over three million Ontarians, many of whom have inherited their
conventional rented hot water tank, are bound by this system of wasted energy
and money.
    This old-fashioned water heating system is also not without other flaws.
How many Ontarians have heard this familiar line shouted from a bathroom on a
busy, bustling morning: "I can't believe you used up all the hot water!" To
every family who experiences this, and pays too much for
environmentally-damaging inefficiencies, EnWise Power Solutions says "it's
time to Yank the Tank(TM)!"
    Tankless water heaters, already the norm in many parts of the world, heat
only the water that you need when you need it, which actually means you'll
never run out of hot water in the shower again! They feature a highly
efficient system powered by propane or natural gas to produce hot water on
demand at just the right temperature, in seconds. The medicine-cabinet-sized
tank attaches to the wall and when the taps are turned on, the water gets hot.
    "Many homeowners don't realize that with their conventional rented hot
water tanks, they are paying substantially more money than they need to, and
that they are inadvertently harming the environment at the same time," says
Peter Hwang, chief executive officer of EnWise. "So we're asking Ontarians to
stop renting and encouraging them to embrace a smarter way to save both money
and energy."
    Homeowners can use a new water heater calculator online at
www.enwisepower.com to see just how much they could save on their home energy
bills if they were to "Yank the Tank(TM)". By switching to a tankless water
heater, the average homeowner can actually expect to see a savings of
$19.91 per month on their energy bills alone. They will also forgo the average
monthly water tank rental fee of approximately $15 per month. This translates
into an instant savings of an average $35 per month, $420 over a year, and a
surprising $4,200 over 10 years. Add $500 to this in available government
rebates and making the switch becomes almost irresistible.
Ecologically-speaking, if you maintain your existing water consumption habits,
the tankless water heater will be 44 per cent more efficient than a 10-year
old hot water tank. Making the switch from an older hot water tank to a
tankless model also results in a reduction of 44kgs of greenhouse gases every
month, or a reduction of 5.3 tonnes of greenhouse gases over 10 years.
    According to Hwang, a tankless hot water heater also comes with
additional benefits. "One of the greatest risks of having a standard hot water
tank in the basement is its chance of flooding. Just imagine, 50 gallons of
water can cause serious damage to a home that would be very costly to repair,"
says Hwang. Many suppliers don't protect homeowners against such incidents
even though the hot water tanks are rented. With tankless hot water heaters,
the risk of flooding or leakage is significantly reduced.
    From March to June 2008, Ontarians can call EnWise at 1-866-484-1853 or
visit www.enwisepower.com to find out how they can save up to 50 per cent
(based on energy and rental savings, government grants and EnWise incentives)
when they replace their conventional rented water heater with a Rinnai(R)
tankless water heater from EnWise.
    EnWise can also help homeowners reduce their energy consumption at home
by up to 50 per cent, while benefiting from almost $10,000 in federal and
provincial government rebates through a complimentary Home Energy Assessment.
EnWise's one-stop-shop service covers every aspect of the home including
heating and cooling, indoor air quality, weatherization and insulation, solar,
wind and geothermal solutions. In addition to tankless water heaters, EnWise
also features duct cleaning services, and offers leading energy-efficient
appliances, windows and doors. Homeowners enjoy lower energy bills with
concrete dollar savings, a better quality home, a higher home resale value,
improved comfort, and a more environmentally friendly lifestyle that reduces
greenhouse gas emissions.

    About EnWise Power Solutions

    Privately owned EnWise Power Solutions was created to meet the need for
greater energy management efforts. EnWise is a triple bottom line company that
combines profitability with sustainability and social responsibility. It is
committed to fostering a culture of energy conservation by providing
straight-forward solutions - with a one-stop-shop approach - for homeowners to
protect the environment, lower home energy bills and therefore save money,
facilitate the collection of government administered energy saving rebates and
improve the value, comfort and re-sale value of their home - all at the same
time. The company is funded by 40 private investors, employs 100 people, and
is headerquartered in Toronto, Ontario. The EnWise Home Energy Assessment is
available to homeowners in the GTA and parts of Southern Ontario. For further
information on EnWise Power Solutions, please visit: www.enwisepower.com.




For further information: Penny Savoie, DDB Public Relations, Phone:
(416) 963-4532, Email: penny.savoie@can.ddbpr.com