Heat Pump Water Heater Cost Per Year

A heat pump costs 0 20 to 0 50 per hour to run depending on electricity costs and heat pump type.

Heat pump water heater cost per year. Heat pump water heaters total 2695 00 2830 50 2857 00 3085 00 4095 00 4250 00. 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 heaters total average cost per units 2762 75 2971 00 4172 50. Heat pump water heaters installation cost 365 00 385 50 400 00 520 00 525 00 650 00.

For electric water heaters including heat pump units. A heat pump water. 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. Kwh.

This is why upgrading to a more efficient model can save you big time. To calculate how much electricity your current water. A heat pump water heater with an ef of 2 0 and an electricity cost of 0 0842 kwh. For instance the rheem proterra hybrid heat pump water heater uses about only a 1 4 of the electricity of an older conventional water heater.

Energy unit cost unit energy factor annual cost 10 yr cost. 365 x 12 03 2 0 x 0 0842 185. 365 days year x 12 03 kwh day ef x fuel cost kwh annual cost of operation.