Hot water is one of the leading energy costs in your home. In terms of energy use, Natural Gas Water Heaters cost about half as much as electric water heaters, and since they cost just a little more than the equivalent electric water heater, save thousands of dollars over their lifetime. Not every home can use a gas water heater though. Venting is often an issue, and not every home has access to natural gas.
A great alternative is the Hybrid Water Heater. Hybrid water heaters use a heat pump to consume about 1/3 the electricity. Whereas a 50-gallon standard water heater consumes about 5,000 kWh per year, the same size hybrid model typically uses less than 2,000 kWh. If you live in California, saving 3,000 kWh means $500 to $1,000 per year depending on the size of your home!
Hybrid water heaters manufactured by Rheem, Whirlpool, GE and others are available through Lowe’s and Home Depot. GE’s GeoSpring model has the valuable added feature of being able to be programmed by your smart phone with the addition of an optional wifi module. With utilities offering discount electric rates off-peak, the heat pump can run more often when rates are low. It operates on a similar principle to the Nest thermostat. Using energy at night gives you a cleaner energy mix. you can find out how much clean energy you use by using our App at www.windnumber.com.
There are also rebates available for this energy-saving product so it’s worth a look if you have an electric water heater. The payback can be as little as one year! It also helps reduce your impact on the environment. Hybrid Water Heaters are one of the easiest ways to reduce your energy costs for years to come.