03 Mar Industrial Boilers: When Should You Rent Versus Buy?
Industrial boilers are an essential component of many manufacturing and industrial processes, providing heat or power to support a variety of operations. However, deciding whether to rent or buy an industrial boiler can be a challenging decision for business owners and facility managers.
Let’s discuss the factors that can help you determine when industrial boiler rental or purchase is the best choice for your business’ situation.
How Long Do You Need the Boiler?
One of the most significant factors to consider when deciding whether to rent or buy an industrial boiler is the length of time you’ll need it. If you only require a temporary boiler, such as a short-term capacity issue, renting may be the best option. In these situations, it’s more cost-effective to rent a boiler for a short period rather than purchase one outright.
If you need to replace a boiler for a longer period of time, buying is likely the best option. Renting will ultimately cost more to operate per day and therefore may not be best for your long-term needs.
Emergency Boiler Rentals
When running a business that relies on heating and hot water, a functional boiler is essential. However, there may be times when the boiler breaks down unexpectedly, leaving the business without heat or hot water. This can lead to a loss of productivity, inconvenience to staff and customers, and potentially even health and safety risks. In such situations, a business may need to consider an emergency boiler rental.
By renting a temporary boiler, your business can quickly restore heat and hot water, minimizing disruption and ensuring the comfort and safety of everyone on the premises. Emergency boiler rentals can be particularly useful in winter when the weather is cold, and a lack of heating could cause pipes to freeze, leading to potentially costly damage.
Overall, an emergency boiler rental can provide a quick and efficient solution to an unexpected boiler breakdown, helping businesses to continue operating smoothly and safely.
What Size Boiler Do You Need?
Another factor to consider is the size of the boiler you need. If you require a large boiler with a high capacity, buying may be a better option. In this case, purchasing a boiler will give you more control over the design and specifications of the unit, and the cost of renting a large boiler over a prolonged period can quickly add up.
Conversely, if you only need a small boiler, renting may be a more cost-effective choice. Rented boilers are often skid-mounted boilers or trailer-mounted boilers and are kept just outside your facility.
What’s Your Budget?
Budget is also a significant consideration when deciding between renting or buying an industrial boiler. Purchasing a boiler can be a significant upfront investment, including the cost of the boiler installation. In some cases, it may take years to recoup that cost.
On the other hand, renting a boiler can be more manageable in the short term, although more expensive on a per-day basis. However, in some situations, the rental fee can be included in operating costs and therefore doesn’t require a capital outlay.
Do You Have Resources to Maintain the Boiler?
The cost of boiler maintenance services, as well as boiler repairs, can also factor into your decision. If you purchase a boiler, you are responsible for all maintenance and repairs, which can add up.
Conversely, when you rent a boiler, the cost of maintenance and repairs is built into the rental company’s service agreement.
McKenna Boiler Can Help You Rent or Buy a Boiler
When deciding whether to rent or buy an industrial boiler, you must consider the length of time you’ll need it, the size of the boiler, your budget, as well as maintenance and repair costs. Each situation is unique, and there’s no one-size-fits-all solution.
It’s essential to evaluate your specific needs and speak with an experienced boiler services provider to determine the best course of action for your business. Whether you need an emergency boiler rental or are ready to buy, contact us today to speak to a member of our team to discuss your boiler service needs.