This calculator estimates the energy savings you might see when you switch from your existing hot water heating system to a heat pump water heater. Heat pumps produce heat more efficiently than many other technologies, thus in most circumstances, they will produce the same amount of hot water for less money. This is only an estimate, be sure to work with a professional contractor to ensure you get a properly sized heat pump water heater.
*Disclaimer: This tool is only intended to provide an estimate of how a heat pump water heater installation may impact your electricity bill. Actual results will vary. Users may not realize similar bill reductions. Data is subject to change without notice. This electricity bill calculation is only an estimate and may not include all applicable fees and taxes. Electricity rates change periodically. We do not warrant, represent, or guarantee that this data is accurate. In no event shall CPA or its suppliers be liable for any special, indirect or consequential damages or any damages whatsoever, including, but not limited to claims associated with the accuracy of this data or information. Get additional estimates before making a decision to purchase a heat pump water heating system. We do not recommend or endorse any installation contractors. Be sure to get multiple quotes, check references and ask for licensing and insurance information when engaging with a contractor. The default estimated payback time does not include incentives, including state and federal tax rebates.