Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Hybrid (Electric) Water Heater
Old 09-06-2010, 11:10 AM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,327
Hybrid (Electric) Water Heater

These units (aka Heat Pump Water Heater) including the GE Geospring model are relatively new, but the technology is not ground breaking. I am DESPERATE to reduce utility costs. We made the major mistake of letting builder persuade us to use a standard electric water heater 10 yrs ago. This model seems to be a good compromise vs. switching to a gas HWH. I've done a fair bit of research and know most of the pros and cons, but I was hoping someone here has 1st hand experience. Here is a summary of various models featuring this technology, but I am leaning towards GE because Lowe's has 18 month financing @ 0%.

ENERGY STAR
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
jazz4cash is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 09-06-2010, 11:40 AM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
samclem's Avatar
 
Join Date: May 2004
Location: SW Ohio
Posts: 14,404
So, it heats water with a heat pump. That means it will be cooling off the surrounding air (in your basement or wherever your WH is located.)

It costs about $1600.

When the heat pump can't keep up with demand, it goes into "regular" resistance-element electric heating mode. Cha-ching!

I wonder how well the heat-pump function works when temps are cool (say, in a 55 degree basement or a 40 degree garage in the winter?)

I guess it might make sense if you have to cool your home most of the year anyway, but if you are heating the area where the water heater is located, it won't save much at all. It will be a net negative (by far) if this space heating is done with expensive sources (electric resistance, propane, etc.)

You'd have to run the numbers for your particular situation (especially the price of NG, the amount of hot water you use, your electric rates, your heating and cooling degree days, etc), but I think most folks with moderately-priced NG available will find it cheaper to use that. Plus, the technology of modern NG high-efficiency water heaters are well developed, this is generation one for the GE unit.

If you've got NG available, maybe consider a modern high-efficiency NG unit. Because they use a fan to expel the relatively cool exhaust gases, they can be located in areas that would be a problem for a conventional NG water heater. If you've got an exterior wall nearby, the PVC intake and exhaust pipes can go right through it to the outside. No need for a roof penetration or other hassles.
samclem is offline   Reply With Quote
Old 09-06-2010, 12:14 PM   #3
Thinks s/he gets paid by the post
 
Join Date: Oct 2008
Location: Naples
Posts: 2,179
Have you done all the energy reduction things one normally does with electric water heaters? Do you have a thermal blanket surounding the tank? Insulating foam on the exposed pipes? Have you installed a timer so as to only run the heater at necessary times? Do you drain a couple gallons out of the bottom every year so deposits don't build up on the heating elements? Try these ideas before changing out the unit. Have you gone to 100% CFL's in the house? Have you had an energy audit?
JOHNNIE36 is offline   Reply With Quote
Old 09-06-2010, 01:46 PM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
travelover's Avatar
 
Join Date: Mar 2007
Posts: 14,328
Quote:
Originally Posted by JOHNNIE36 View Post
Have you done all the energy reduction things one normally does with electric water heaters? Do you have a thermal blanket surrounding the tank? Insulating foam on the exposed pipes? Have you installed a timer so as to only run the heater at necessary times? Do you drain a couple gallons out of the bottom every year so deposits don't build up on the heating elements? Try these ideas before changing out the unit. Have you gone to 100% CFL's in the house? Have you had an energy audit?
Good points. Also there are some good water saving shower heads on the market. I've been washing my clothes in cold water for 30 years. No, not the SAME clothes.

Some utilities let you heat water during off times or on an interruptable meter to save on the per kilowatt charge.
travelover is offline   Reply With Quote
Old 09-06-2010, 03:01 PM   #5
Thinks s/he gets paid by the post
 
Join Date: Oct 2008
Location: Naples
Posts: 2,179
Quote:
Originally Posted by travelover View Post
Good points. Also there are some good water saving shower heads on the market. I've been washing my clothes in cold water for 30 years. No, not the SAME clothes.

Some utilities let you heat water during off times or on an interruptable meter to save on the per kilowatt charge.
That timer or interruptable meter lets you set the time of day for the water heater to come on and off. Ex: Off at 10PM and on again at 5 or 6 AM. Why should it cycle on and off all night. Additional trippers can be added for during the day cycling.
JOHNNIE36 is offline   Reply With Quote
Old 09-06-2010, 03:19 PM   #6
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
It seems that a $1600 water heater, even if it's the EnergyStar rating from hell, would have a much longer payback than a $200 gas water heater. Especially if your house already has the natural-gas piping.

I lived in 1980s Charleston with a heat pump, and in the winter I quickly learned to avoid using it because the resistive elements would kick in and really drive up the electrical bill.

As others have mentioned, you could improve an electric water heater with a lower thermostat setting, an insulation blanket, insulated hot-water piping, checking for hot water leaks, heat-trapping nipples (on the water heater, not the residents), and a "Little Gray Box" timer that'll shut off the electricity during your selected non-peak hours (like the midwatch and 9 AM-3 PM).

What's your location's insolation rating for a solar water heater?
__________________
*

Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."

I don't spend much time here— please send a PM.
Nords is offline   Reply With Quote
Old 09-06-2010, 03:42 PM   #7
Thinks s/he gets paid by the post
Coach's Avatar
 
Join Date: Nov 2005
Location: Colorado, USA
Posts: 1,127
Consumer Reports just this month (October, that is) had a report on hybrid hot water heaters. It was generally favorable with reported payback time in the 5 to 7 year range.

Coach
__________________
"Comprehensive health insurance is an idea whose time has come in America." President Richard M. Nixon, February 6, 1974
Coach is offline   Reply With Quote
Old 09-06-2010, 03:44 PM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,327
Lots of good solid points all around. I generally agree with all the comments, but I won't go through them point by point. These units are supposed to work efficiently down to about 50 degrees and mine would be located in a basement area that stays above that. Rebates and credits bring the cost down to about $1150. Let's just say this unit seems to fit my situation pretty well, so I'm primarily looking for 1st (or 2nd) hand experiences.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
jazz4cash is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Connecting an electric baseboard heater... HsiaoChu Other topics 22 08-19-2010 11:49 AM
water heater insulation - help lucija Other topics 19 05-09-2008 08:48 PM
Tankless Water Heater ferco Life after FIRE 32 09-18-2007 05:13 PM
tankless water heater, anyone ? JohnEyles Other topics 53 01-16-2007 07:26 PM
Water Heater 'Blankets' - Anyone know anything about these? Cut-Throat FIRE and Money 10 12-07-2006 08:31 AM

» Quick Links

 
All times are GMT -6. The time now is 07:12 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.