Heat Pump Water Heater Cost Per Year

Energy unit cost unit energy factor annual cost 10 yr cost.

Heat pump water heater cost per year.

See our rebates page to find out how much you might be able to save. However they have lower operating costs which can offset their higher purchase and installation prices. Heat pump water heater systems typically have higher initial costs than conventional storage water heaters. A heat pump water heater with an ef of 2 0 and an electricity cost of 0 0842 kwh.

Heat pump water heaters total average cost per units 2762 75 2971 00 4172 50. Heat pump water heaters total 2695 00 2830 50 2857 00 3085 00 4095 00 4250 00. Smith signature select 40 gallon tall 9 year limited 40000 btu natural gas water heater. They use about 60 percent less energy than standard electric water heaters.

Kwh. 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. 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.

Heat pump water heater. Smith heat pump water heater may be eligible for a rebate in your local area. For electric water heaters including heat pump units. 365 x 12 03 2 0 x 0 0842 185.

You need to know or convert the unit cost of electricity by kilowatt hour kwh. Running a heat pump costs 40 to 160 per month or between 500 and 2 000 per year depending on the climate zone home s insulation and if the system has a backup heat source. Before buying a heat pump water heating system you also need to consider the following. 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. Heat pump water heaters installation cost 365 00 385 50 400 00 520 00 525 00 650 00. These capture heat from the air and transfer it to the water. Size and first hour rating.