Most of us have a hot water heater sitting somewhere in our basement or attic and do not think very much about it until the monthly water bill comes through. While cutting back on water use will certainly help reduce those costs, traditional water heaters are also a significant source of energy and heat loss. When you are looking to reduce your costs and save energy, consider replacing your existing water heater with a hybrid.
Inefficiencies of Traditional & Tankless Water Heaters
Traditional hot water heaters warm the water from the bottom of the tank. Eventually, the excess heat escapes from the top of the unit, wasting both heat and energy. While tankless hot water heaters are more energy efficient because less heat escapes, hot water continuously distributes to multiple points in the home, which means there is still a certain level of inefficiency.
The Efficiencies of Hybrid Water Heaters
A hybrid water heater has a system of multiple pipes that warm in waves to make the heating more efficient. There is also a small water reservoir so that hot water is always available.
Some models use hybrid energy to warm the internal air in the tank and then transfer the heat source to the water. For example, the GE GeoSpring hybrid water heater pulls in ambient heat and warms up refrigerant, which pushes through the coils in the tank, warming the water. This produces the same amount of hot water as a traditional model, but reduces energy costs by over 60 percent.
Other hybrid hot water heaters utilize fuel cells and batteries to heat the water and distribute it throughout the home, much like the technology in a hybrid car. Hybrid hot water heaters boast high-energy efficiency, anywhere from 90 to 98 percent efficiency, which is often 30 percent more efficient than traditional hot water heating models. Improved energy efficiency is good for the environment but it is good for your wallet, as well. Savings from a hybrid hot water heater can range from $250 up to $2,000 per year.
Another important thing to consider when you get ready to purchase a hybrid water heater is that these models initially cost much more than the traditional hot water heater or even a tankless model. However, remember to consider the energy savings over time. Eventually, most families will make up for the initial difference in price and may even end-up saving money. For example, most families spend about $525 per year to operate a standard electric water heater, while annual costs of a hybrid water heater is about $200. Over a 10-year period, this constitutes a savings of over $3,000.
When it comes time to replace that old water heater in your basement, go green and consider a hybrid water heater, instead.
Ready to save money and energy on your home’s energy bills? Contact your Columbia SC water heating experts, Plumbing Solutions, today at 803-513-5749 to schedule an appointment for your free estimate.