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Should You Replace an Old Water Heater?

Will replacing the old water heater save money?

by Paul Davis, Weatherization Director

A standard 50 gallon water heater with a set point of 120 degrees will use an estimated $500.00 of electricity per year, the new style heat pump water heaters which are designed to heat the same amount of water will cost you $180.00 / $200.00 per year.

Based on these numbers your annual savings would be $300.00 per year!!!!

The cost of the new appliance and the installation will vary but would average around $2000.00 if the life expedience of the new heaters is 15 years. If we can save $300.00 per year times 15 years our savings would be $ 4500.00 so our overall savings would be $ 2500.00 over the life time of the new appliance. Other types of water heaters are now available that conserve energy, check out the new types with your local plumbing installer for your best solution. 

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