Hybrid Heat Pump Water Heater Cost

It features a hybrid heat pump design making it 400 more efficient than standard electric water heaters.

Hybrid heat pump water heater cost. Discover how hybrid electric heat pump water heaters work and how they help you save energy and money. If you use a natural gas water heater because you have access to a gas line it s best to stick with gas models. Smith signature premier heat pump water heaters can save you up to 73 or 306 dollars per year in energy costs compared to a standard 50 gallon electric water heaters providing payback in 2 3 years. It uses an innovative design to absorb heat from the surrounding air and transfers it to heat the water inside the storage tank while.

If the water. 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. A hybrid water heater requires more open area around it to work because it has to draw on heat in the air. It s easier than ever to pay back the initial investment of one of the best hybrid water heat pumps hybrid water heaters with the new federal tax credit incentives.

Smith voltex hybrid electric heat pump water heater more than lives up to its impressive reputation. A hybrid heat pump is best for an all electric home. However many utility companies around the united states provide rebates to assist in the initial upfront costs of the electric heat pump. It s more than three times as efficient as a standard electric water heater easy to install and simple to operate.

Smith signature select 40 gallon short 9 year limited 40000 btu natural gas water heater. 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. Smith signature 50 gallon tall 6 year limited 4500 watt double element electric water heater. Smith signature premier 50 gallon tall 10 year limited 4500 watt double element electric water heater with hybrid heat pump.

If you re interested in saving money in the long run a hybrid heat pump water heater is the better option. Since 2016 homeowners who purchase new water heaters. The hybrid water heater s lifespan is typically between 13 to 15 years but can last even longer. So if you re more concerned with having enough hot water and not running out a gas water heater is best.

Your home must also have sufficient space for the system.