A heat pump water heater tank is the most efficient way to heat water in your home. Water for showering, washing dishes, and general hot water use consumes a lot of energy. If you are building a new home OR if you are replacing a broken/failing water heater, a heat pump has the lowest operating and lifetime cost. Therefore, they should be the primary water heater you consider for your home.
If you have an existing home where the water is heated by oil, gas, or an electric resistive tank, there are both environmental and financial benefits achieved by upgrading to a heat pump. Upgrading your system in conjunction with your solar project can actually reduce the number of solar panels you need, saving even more money.
Upgrading from Electric Resistive Water Heater
If you have an electric resistive tank you can save up to 4,000 kWh (or ~$1000) per year by upgrading to a heat pump with a potential payback of 4 years or less! In addition, if you are getting solar, getting a heat pump heater could reduce the cost of your solar array by more than the cost of the water heater. Consuming less electricity, requires fewer solar panels!
Upgrading from Fossil Fuels Water Heater
Oil and gas prices are historically low. Even so, if your water is heated by oil or gas now, your annual cost will less using a heat pump tank. In addition, switching to a heat pump is one of the easiest ways to lower your carbon footprint. They allow you to migrate away from inefficient equipment, decreasing fuel consumption and increasing your electricity consumption. Because of this, installing a heat pump water heater allows you to install a few more solar panels to offset this additional electricity use. This is the best way to heat your water from the sun!
Incentives & Benefits
Heat pump water tanks are great energy savers. Because of this, Rhode Island has generous incentives available to help you pay for the installation. We can help you with these forms should you decide to have one installed. Both Stiebel Eltron and AO Smith make high quality units that are eligible for National Grid’s incentive. Other benefits include very consistent water temperature and built-in dehumidification of the space in which the unit is located!
Please contact us with questions about this exciting technology and let us know if you would like a detailed quote to consider as a part of your solar installation* with Newport Solar.
*NOTE: This is a Supplemental Service – Newport Solar provides heat pump installation services to clients who wish to include a heat pump tank upgrade in parallel with their solar installation*