Question about my new heat pump water heater

I dropped about $1500 on a heat pump water heater last fall, thinking it was just a green tax. My electric bill dropped by almost $40 a month, so it's basically paying for itself. Has anyone else seen savings that fast, or did I just get lucky?

3 comments

3 Comments

angela_grant1mo ago

Honestly depends on your old water heater too. If it was a total energy hog, the savings would be way more obvious right away.

wells.anna1mo ago

Angela_grant is totally right about the old heater being a factor. My last one was a rusty tank from like 2002, and it sounded like a jet engine kicking on. The gas bill dropped noticeably the first month after I swapped it for a new one. You won't see that kind of change if your old one was already fairly new and efficient. It's all about what you're upgrading from.

riley_taylor28d ago

Nice, right? Mine was the same, old electric one was a total beast. @wells.anna gets it, the noise alone was worth the swap. My bill dropped like a rock too.