Heat Pump Water Heater Cost Per Year

Smith signature select 40 gallon tall 9 year limited 40000 btu natural gas water heater.

Heat pump water heater cost per year.

Heat pump water heater systems typically have higher initial costs than conventional storage water heaters. You need to know or convert the unit cost of electricity by kilowatt hour kwh. Many energy star water heaters such as the a. See our rebates page to find out how much you might be able to save.

Heat pump water heaters total average cost per units 2762 75 2971 00 4172 50. A heat pump water. Heat pump water heater. Smith heat pump water heater may be eligible for a rebate in your local area.

The rheem proterra hybrid electric water heater delivers savings when you buy in the form of a 300 federal tax credit and nationwide utility rebates up to 1 000 1 and up to 480 per year in energy cost savings 2. They use about 60 percent less energy than standard electric water heaters. The smartest quietest and most efficient water heater on earth features a hybrid heat pump design making it more efficient than standard electric water heaters with an estimated energy cost savings of 4 750 over 10 years. 365 days year x 12 03 kwh day ef x fuel cost kwh annual cost of operation.

And while they cost more than electric only models. Energy unit cost unit energy factor annual cost 10 yr cost. For electric water heaters including heat pump units. 365 x 12 03 2 0 x 0 0842 185.

Size and first hour rating. Heat pump water heaters installation cost 365 00 385 50 400 00 520 00 525 00 650 00. A heat pump costs 0 20 to 0 50 per hour to run depending on electricity costs and heat pump type. If every household in the united states used a heat pump water heater under 55 gallons the energy cost savings would top 8 2 billion dollars a year according to energy star.

Kwh. However they have lower operating costs which can offset their higher purchase and installation prices. A heat pump water heater with an ef of 2 0 and an electricity cost of 0 0842 kwh. These capture heat from the air and transfer it to the water.