Hybrid 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.

Hybrid water heater cost. 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. It s more than three times as efficient as a standard electric water heater easy to install and simple to operate. Installing a tankless water heater is a greater upfront investment but these units can significantly cut the cost of monthly utilities. Department of energy estimates that in homes using 41 gallons or less of hot water on demand tankless units can conserve between 24 to 34 more energy than tank water heaters.

The upfront cost of a hybrid water heater can be expensive. A hybrid water heater s cost falls in between the tank and tankless models. A unit costs anywhere between 1000 2000. However the energy saving features of a hybrid water heater could save you enough money over time to be worth the initial expense.

So if you re more concerned with having enough hot water and not running out a gas water heater is best. However many utility companies around the united states provide rebates to assist in the initial upfront costs of the electric heat pump. 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. Rheem performance platinum 10 year hybrid high efficiency smart tank electric water heater is said to provide up to 4 750 in energy cost over that span of 10 years thanks to their hybrid high efficiency water heating technology.

Smith signature 50 gallon tall 6 year limited 4500 watt double element electric water heater. Smith signature select 40 gallon short 9 year limited 40000 btu natural gas water heater. Installation costs can vary between 300 500. Therefore the total price amounts to 1300 2500 approximately.

But hybrid heat pump water heaters can be more cost effective. Discover how hybrid electric heat pump water heaters work and how they help you save energy and money. While there are some budget options on the market hybrids heaters can cost 2500 per unit before installation costs. If you re interested in saving money in the long run a hybrid heat pump water heater is the better option.