Are Heat Pump Water Heaters Worth the Money?

Our Customers often ask us, “are heat pump water heaters worth the money?”  While a heat pump water heater will save significant money year round, keep in mind that in very cold climates, the net performance will drop in winter.   Relatively inexpensive to install, heat pump water heaters are available as a stand-alone unit, or an add-on to your existing water heater.

Benefits of a heat pump water heaters include:

  • Reduced cost per gallon for your domestic hot waternav-heat-pump
  • Dehumidification
  • Renewable Energy If you are running a costly dehumidifier in your basement during the summer months, a heat pump water heater can make your dehumidifier run less.  If your water heater is in need of replacement consider replacing it with an electric hybrid heat pump water heater.

    The State Premier® Hybrid Electric Heat Pump Water Heater is an advanced hybrid electric water heater that integrates heat pump technology to produce a product twice as efficient as a standard electric water heater.  With 50, 66, and 80 gallon models available, these heat pump water heaters are the most versatile and energy-efficient options for homeowners looking for cost savings and performance.

    The Premier® Hybrid Electric heat pump water heater from State is the most cost effective energy-efficient option available for consumers who want to save money on their utility bills. The Premier® can reduce water heating costs up to 71% and provide payback in 2-3 years. With annual savings of $437 or more, there is no better way to go green.

    The greatest savings may occur in regions where the average temperatures are colder. Operating five months out of the year in the heat pump mode where electricity rates are two to three times higher will yield more savings than operating 10 months in the heat pump mode where electricity rates are lower.