If you have a standard electric water heater, it's likely the second-biggest energy hog in your home — and responsible for a big chunk of your utility bill.
ENERGY STAR estimates that the typical four-person household will save $550 a year — that’s $5,610 over the lifetime of the appliance. Plus, they’re the only electric water heaters that qualify for rebates and a federal tax credit of up to $2,000.
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Creating heat takes a lot of energy — literally. The secret power of a heat pump water heater is the compressor on top that moves heat from the surrounding air into the tank. This super-efficient process uses as little as 30% of the energy of a standard electric water heater.
Heat pump water heaters offer a host of user-friendly controls and settings that put standard water heaters to shame. For one thing, selecting your preferred water temperature is as easy as pressing a button. You can also choose between modes for different situations, such as everyday efficiency, periods of high demand, and when you’re on vacation. Some models even feature WiFi connectivity for smart home integration and automatic leak detection for peace of mind.
So just how much could you save by switching to a heat pump water heater? Compared to a standard electric water heater, ENERGY STAR estimates that the typical four-person household will save $550 a year — that’s $5,610 over the lifetime of the appliance. Plus, they’re the only electric water heaters that qualify for rebates and a new federal tax credit of up to $2,000.
If you’re looking to take advantage of the energy efficiency and savings potential of a heat pump water heater, consider purchasing a unit and installing it yourself. You’ll save even more money, and you can find the tools and materials you’ll need at your local hardware store.
