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Rheem Hybrid
Benefits of a Hybrid Water Heater: Rheem Hybrid Water Heaters Save Up to 75% on Electric Operating Costs!
1. Efficient Heating Technology
- Hybrid water heaters use heat pump technology, heating water through an A/C compressor instead of a traditional electric heating element. This process consumes up to 70% less power than electric elements.
2. Significant Annual Savings
- A typical 50-gallon electric water heater costs about $500 per year to operate. A 50-gallon hybrid heat pump model, however, only uses around $125 per year, saving approximately $375 annually. Over 10 years, this translates to a savings of $3,750.
3. Greater Savings with Larger Models
- For larger households, a standard 80-gallon electric water heater costs about $800 per year to operate, totaling $8,000 over 10 years. In contrast, an 80-gallon hybrid uses about $225 per year, or $2,250 over a decade, resulting in a $5,750 savings.
4. Cost of Installation and Tax Credit
Click here for tax credit info: .GOV Heat Pump Water Heaters Tax Credit
- The average installation cost for a 50-gallon hybrid is approximately $2,800. After applying a 30% federal tax credit (about $840), the net installation cost is around $1,960.
- With $3,750 in energy savings over 10 years and a net installation cost of $1,960, the hybrid pays for itself and saves an additional $1,790.
- For an 80-gallon hybrid model, the installed cost is approximately $3,500. With a 30% tax credit ($1,050), the net cost is around $2,450. The total energy savings of $5,750 over 10 years means you save an extra $3,300.
5. A Better Investment
- Installing a Rheem hybrid water heater offers a substantial return on investment and may even outperform traditional investments. It provides years of hot showers for your family and reduces your utility costs significantly.
6. Comparison to Solar Water Heaters
- Hybrid water heaters are even more energy-efficient than solar systems. While solar water heaters work well on sunny days, they rely on a 5,000-watt backup heating element during cloudy or rainy weather, resulting in approximately $250 per year in electricity costs. Solar systems also require a costly $7,000 installation for rooftop panels and plumbing, which can be vulnerable to storm damage and may increase insurance costs.
7. Easy Installation
- Unlike tankless systems, hybrid water heaters don’t require changes to your electrical system or wiring. Simply replace your old water heater with a hybrid model, and installation can be completed in one day.
8. Expert Installation Services
- Our installation team at WaterHeater.com Inc. specializes in Rheem hybrid installations. Call us for a free estimate and start saving today!