With the high cost of living today, everyone’s looking for a way to save money and if they can also save energy in the process and help the environment, even better. Installing a heat pump hot water heater is one way to do both at the same time. Here’s how:
What are Heat Pump Water Heaters?
Before you can understand how heat pump water heaters save money and energy, you need to know how they work and what makes them different from other types of water heaters.
Typical water heaters work by generating their own heat through electricity, which means they have to expend energy creating the heat that is then transferred to the water. Conversely, a heat pump water heater uses electricity to move heat from one place to another. Since it doesn’t have to create the heat, it’s up to three times more efficient than a traditional water heater.
A heat pump water heater draws in heat from the air around it, heats it to a higher temperature, and transfers it to the water in the storage tank. Heat pump water heaters come in various models, including standalone units, integrated units that include a storage tank, and retrofit units that can be added to a traditional storage water heater.
Saving Energy, Saving Money
The way in which heat pump water heaters save homeowners money is simple: they require less electricity to operate than traditional models. When you use less electricity, you spend less money on your energy bills. With a unit that is up to three times as efficient as a traditional electric water heater, you can save some serious cash each year.
Of course, this benefits the environment as well. When you use less electricity, you effectively reduce the demand for fossil fuels, which are a finite resource. While it might not seem like you’re doing a lot to help the environment just by changing the type of water heater you use, you are actually making a big difference. The more homeowners who make this switch, the better off the surrounding environment will be.
Climate Matters — Somewhat
Homeowners should be aware that heat pump hot water heaters don’t work as well in all climates. The year-round temperature should be between 40°F and 90°F so the pump has heat in the air that it can transfer to the water. In cold climates that dip below 40°F at least part of the year, heat pumps will not do a great job of heating the water.
In fact, by installing a heat pump in a space that has excess heat, such as in a furnace room or a stuffy attic, will increase its efficiency, since it has more heat to work with from the start. This doesn’t mean you can’t install a heat pump in a cooler climate because they will still work. They just won’t be as efficient as they are in a hot environment.
The next time you find yourself in the market for a new hot water heater, give a heat pump model a shot. You’ll be pleased with the savings you gain, both in money and in energy