What is a Heat Pump Water Heater?
Heat pump water heaters use a small amount of electricity to move heat from the surrounding air to the water. And since it's more efficient to move heat rather than generate it, the heat pump water heater can deliver hot water up to two and a half times as efficiently as a common electric resistance water heater.
Although savings will vary depending on your climate zone, the price of your electricity, and your family's hot water demands, savings per year for family of four are between $40 and $270, while a family of six can potentially save between $80 and $570 dollars per year. It is not uncommon for heat pump water heaters to pay for themselves in 3 to 4 years, with the savings continuing for 10 or more years.
Why Switch to a Heat Pump Water Heater — Advantages
Heat pump water heaters are a cost-effective method of reducing energy use for heating water especially when compared to the use of common electric resistance water heaters. Traditional electric resistance water heaters are an inefficient and expensive form of water heating, whereas heat pump water heaters have efficiencies and operating costs similar to natural gas storage water heaters, making them an excellent choice for homeowners who currently use an electric resistance, fuel oil, or propane.