IBS 2010: Promising New Water Heater from GEcomments (3) January 20th, 2010 in Blogs
We saw a lot of cool stuff at IBS yesterday, but the new product that I was still thinking about when I woke up this morning was GE’s new heat pump water heater. Water heating is a popular subject with our readers. In the last few years, stories about hot water recirculation, tank vs. tankless appliances, and how to save money on hot water have been among your favorites. And for good reason, water heating is second only to heating and cooling in terms of a home’s biggest energy consumers. And because water heaters are a relatively inexpensive appliance, upgrades are a viable way to lower your energy use and save money.
GE’s new Hybrid Electric Water Heater uses heat pump technology to cut annual energy consumption is half, approximately 2300 kWh per year instead of the 4800 kWh per year used by the average electric tank style water heater, according to GE. Users will save approximately $250 per year, based on 10 cents per kWh. They call it a hybrid, because when needed, the appliance can act as a more common electric resistance water heater to meet demand, which is something you can use its Smart Controls to tell it to do. So, whether you’re hosting family for the holidays (set it to High Demand), or leaving for a week of vacation (Set it to “Vacation or Away), you can choose to balance performance and efficiency as you need.
The Hybrid Electric Water Heater will cost about $1500, or $3000 installed, according to a GE representative at the show. It’s expensive, but the good news is that it installs like any other electric water heater and is about the same size as an equivalent tank-style model. So, if you can handle some basic plumbing and wiring, you shouldn’t need a plumber for this project.
posted in: Blogs, IBS, International Builder's Show, GE, water heaters, heat pump water heaters, hybrid water heater