Advantages of Heat Pump Water Heaters
The water heater in your home is responsible for ensuring that you can take a shower, wash your dishes or clean your produce in an adequate fashion. Most homes have electric or gas water heaters that hold anywhere between 40 and 50 gallons of water at a time. However, it may be in your best interest to install a heat pump water heater in your house instead. Let's take a look at the potential benefits of using such a product.
A Heat Pump Water Heater Has a Longer Useful Life
Assuming that the product is properly installed and maintained, a heat pump water heater should last for 15 years. However, it's possible that it could last for up to 25 years depending on how much you use it and other factors unique to your home.
Therefore, opting for this product may mean that you never have to replace the water heater for as long as you own your home. A traditional gas or electric heater typically lasts for about a decade assuming that it is properly installed and maintained.
Heat Pumps Waste Less Energy
Regardless of what you use to heat your home's water, it won't be 100% efficient.
This means that a portion of the energy used to create the hot water that flows through the faucets in your kitchen or bathroom will simply be lost. In most cases, it will be trapped in the basement or wherever the water heater is installed. However, a heat pump water heater is generally more efficient than one that is powered by gas or electricity.
A Heat Pump Water Heater Makes It Easier to Reduce Your Carbon Footprint
A heat pump water heater works by pulling heat from the air or the ground and transferring it to the holding tank where it can heat the water as needed.
As you are using a natural source of energy to complete this task, you don't create as much pollution as you would with a gas or electric product. Therefore, you can feel good that you are taking a step to reduce your carbon footprint and make the world a slightly cleaner place.
Save Money on Your Monthly Utility Bills
On average, you can expect to save $330 per year over the course of the heater's useful life. Over the course of 15 years, you would save $4,950, which would be more than enough to pay for the cost of a new unit. It could also be more than enough to pay for other home improvements that might help to make your home even more efficient during a cold Toronto winter.
Tax Credits May be Available to Minimize the Cost of a Heat Pump Water Heater
The upfront cost of this type of product is generally higher than that of a traditional gas or electric water heater. Typically, you'll spend about $1,000 for a heat pump water heater compared to roughly $500 for one that is powered by oil or electricity.
However, you may be eligible for tax credits if you purchase a product with the ENERGY STAR label on it. After applying the credits, you'll likely pay the same for a heat pump water heater as you would for a gas, oil or electric one.
Heat Pump Water Heaters Work Well During Periods of Cold Weather
Simple physics tells us that hot air will naturally gravitate toward cold air. Therefore, a heat pump can be incredibly effective at helping water reach temperatures of 120 degrees or higher even when the air temperature is only 65 degrees.
Depending on the type of pump that you have, it may be possible to use in rooms where the air temperature is as low as 40 degrees.
Heat Pumps Can Be Used to Cool Your Home in the Summer
Summers in Toronto can be incredibly hot and humid, which means that you will likely be searching for ways to keep your home cool during this time of year. If you are like most homeowners, you will use an air conditioner to replace hot and humid air with cool and dry air.
Depending on the type of heat pump water heater that you have, it may be possible to vent the cold air that it creates throughout the rest of your house.
This can be another exceptional way to make your house more comfortable throughout the year while also minimizing your utility costs. Furthermore, you will likely save money again because there won't be a need to pay to purchase and install a water heater and an air conditioner.
This Product Is Designed to Keep Pace With Heavy Demand
Let's say that you need to take a shower at the same time that the dishwasher is running. In such a scenario, you may be concerned that your water heater won't be able to keep up.
Most heat pump hot water heaters are able to transition to an electric or gas mode to ensure that you can complete both tasks in a timely manner. When demand goes back to normal, you can revert back to heat pump mode by pushing a button on the control panel attached to the holding tank.
Heat Pumps Can Take a High Level of Abuse
A heat pump may be one of the easiest household products to maintain during the course of its useful life. It will typically continue to function normally even when covered by frost, dirt or other debris. Therefore, it is ideally suited to be used in a basement, garage or other areas of a home that are generally colder and dirtier than the rest of your house.
If the gas or electric hot water heater in your home is getting close to the end of its useful life, you should strongly consider replacing it with a heat pump water heater.
In fact, it may be in your best interest to consider making the switch even if your existing hot water heater is expected to last for many more years. This is because doing so could help you save money and make your home more efficient for the next decade or two