I'm looking to get an electric water heater, preferably using heat pump technology. At this point I'm indifferent to tanked vs tankless.
Current electricity rates are $0.16/kWh. Current natural gas rates are $1 per therm.
1) At these rates, does it make sense economically (within 25%) to go with electric heat pump over natural gas?
2) I'd be interested in hearing from others who have done research and/or currently use a heat pump water heater. What brand/model? Pros/cons/issues?
TIA
Current electricity rates are $0.16/kWh. Current natural gas rates are $1 per therm.
1) At these rates, does it make sense economically (within 25%) to go with electric heat pump over natural gas?
2) I'd be interested in hearing from others who have done research and/or currently use a heat pump water heater. What brand/model? Pros/cons/issues?
TIA
Statistics: Posted by Hot Sauce — Fri Jan 10, 2025 3:12 pm — Replies 1 — Views 16