Heat Pump Water Heater Cost Vs Gas

Hybrid heat pump water heaters cost about 1 200 1 400 at home centers but prices are dropping.

Heat pump water heater cost vs gas. Compare costs efficiency installation operating costs and more for electric heat pumps vs gas heating to determine which hvac system is best for your home. Gas furnace come down to where you live. Heat pump water heaters use electricity to move heat from one place to another instead of generating heat directly. Homeadvisor s complete heat pump or forced air furnace guide defines the differences between electric and gas heat pumps and gas electric propane and oil furnaces.

It does not use a fuel to create heat and so is much more efficient that other options including natural gas heaters. If you want to keep your monthly heating costs as low as possible keep your heat pump water heater in economy mode. Heat pump water heaters are more energy efficient because they move heat while gas water heaters create heat via combustion. In general however statistics show that a gas water heat will cost around 30 month for the average home while an electric heater will cost you closer to 42.

A water heat pump will only use around 190 worth of energy per year almost half of what a natural gas heater must use. An electric hybrid heat pump has the lowest operating cost of any electric water heater on the market especially when installed in warm climates. To move the heat heat pumps work like a refrigerator in reverse. If you live in an area where electricity costs less than gas then a heat pump is also the better option.

Natural gas water heaters typically use less energy and cost less to run by about half than electric water heaters although you should note that gas models cost more at the time of purchase. A heat pump uses a refrigerant to transfer heat from other sources such as the outside air into the home. Heat pump units such as the stiebel eltron 58 gallon accelera 220 water heater available from supplyhouse are pricier than non heat pump models they can run 800 to 2 500 more than a. Can be 2 to 3 times more energy efficient than conventional electric resistance water heaters.

And it always takes less energy to move heat than create it. 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 electric heat pump water heater pros. Why choose a heat pump over a gas furnace.

Lasts about 10 15 years.