Heat Pump Water Heaters Can Save Over $500/Year On Utility Bills - CleanTechnica

The article from CleanTechnica highlights the significant cost savings that heat pump water heaters (HPWHs) offer compared to traditional water heating methods. HPWHs operate by moving heat rather than generating it, making them much more energy-efficient than electric resistance or fossil gas water heaters. According to data from the U.S. Energy Information Administration and ENERGY STAR, HPWHs use about four times less energy than electric resistance water heaters, leading to substantial utility bill savings. For a typical four-person household, switching from an electric resistance water heater to a HPWH can result in the unit paying for itself in just over two years. When compared to gas water heaters, HPWHs are also more efficient—often five to six times more—resulting in average annual savings of $150 to $300, despite the lower cost of gas per BTU. While HPWHs generally provide savings across most of the United States, there are exceptions in certain regions, such as parts of California where electricity costs are