We don't use nature gas for cooking. So in the summer, nature gas is only used for hot water. Our summer gas bill is about $3 a month (I mean the gas portion of the bill). How much can you save by replacing the old one? Besides, this new company's rental fee is $5 higher than direct energy.
Another thing to remember -- if you are renting from direct energy, who is going to remove the existing water tank and return it to direct energy? Who is paying for this cost? You should ask direct energy as well as this new company before you sign the contract