Electric Heat Pump Water Heater Cost

Heat pump water heater systems typically have higher initial costs than conventional storage water heaters.

Electric heat pump water heater cost.

At lowe s a 50 gallon heat pump water heater goes for around 1 100 while its older conventional cousin the electric water heater can be purchased for closer to 300. It s more than three times as efficient as a standard electric water heater easy to install and simple to operate. Provides ample amount of hot water for households with 3 to 5 people. However they have lower operating costs which can offset their higher purchase and installation prices.

Shop heat pump water heaters on amazon solar water heater a roof mounted cell absorbs the sun s heat and transfers it to an antifreeze like fluid in a closed loop system that runs to the water tank. Before buying a heat pump water heating system you also need to consider the following. Electric water heater takes up less space than competing models making it the perfect for replacement of an existing water heater. If electric is your only option an energy star certified heat pump water heater uses half the energy of a standard model and can save a family of four up to 3 750 over its lifetime by heating water using highly efficient heat pump technology.

Smith signature 50 gallon tall 6 year limited 4500 watt double element electric water heater. Heat pump water heaters total average cost per units 2762 75 2971 00 4172 50. The initial purchase cost of a hybrid electric heat pump tank water heater is usually higher which can change the cost of installation depending on your plumbing contractor. Electric water heater the rheem performance 50 gal.

The rheem performance 50 gal. Heat pump water heaters total 2695 00 2830 50 2857 00 3085 00 4095 00 4250 00. Heat pump water heaters installation cost 365 00 385 50 400 00 520 00 525 00 650 00. Size and first hour rating.

11 based on purchase price and energy cost savings of a 50 gallon hybrid electric water heater with 3 55 uef 3 50 ef over a 50 gallon standard residential electric water heater with a 0 93 uef 0 95 ef. However many utility companies around the united states provide rebates to assist in the initial upfront costs of the electric heat pump. Discover how hybrid electric heat pump water heaters work and how they help you save energy and money.