Get to Know Water Heaters
Types of Water Heaters
Our preferred contractor network can provide advice on which water heater is right for you.
Heat pump water heaters absorb heat from the air and transfer it into your water storage tank. They typically have higher initial costs than conventional storage water heaters, however they have lower operating costs which can offset their higher purchase and installation prices. Heat pump water heaters can provide the same amount of hot water as a standard electric heater while consuming 50%-70% less energy. These are great for homes that are looking to improve their efficiency.
Tankless water heaters are also called “instantaneous” water heaters because they heat water only when it’s needed. As soon as the hot water tap is turned on, the tankless heater engages and immediately heats the water being pumped through it. Since there’s no storage tank involved, the tankless heater will provide water for as long as the hot water tap (or washing machine, or dishwasher) is turned on.
Did You Know?
If you meet the requirements for time-of-day (TOD) rates, you’re able to program your water heater to heat during off-peak times which will save you over 40% on water heating costs. Ask your preferred contractor for more details.
Calculate Your Potential Savings
Tell us a bit about your home and how you heat your water right now. The calculator will estimate your current energy costs, and predict what your costs might be if you switched to more efficient electric options.