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DigitalOcean provides a similar feature. You can take a snapshot of your server (Snapshot → Take Snapshot) and then destroy your Droplet (Destroy → Destroy). Snapshot storage is currently free, later it’ll be 0.02cent/GB/month.
Then, you can build a new Droplet starting from your Snapshot (Create Droplet → Select Image (My Snapshots)), and everything’ll be like your old server :)
Else, you can download your web root directory and reupload it when you need, but you’ll have to re-configure everything.