A heat pump water heater dramatically reduces electric energy consumption compared to an electric tank style water heater. A standard electric tank style unit will use 4,879 kWh of electricity per year compared to 1,856 kWh of electricity per year for a heat pump model.
For Harrison REMC members, the savings is nearly $302 per year with the current residential electric rate. That translates into an efficiency range of 300% to 500% for heat pump water heaters compared to 90% for a tank style model.
The units get the Btu’s of heat for making hot water from the surrounding air, not from electricity.
Harrison REMC has a $500 rebate for investing in this technology.
For the Heat Pump Water Heater rebate, complete pages 1, 2, 3, and 6.