Answer
Sep 20, 2020 - 12:49 PM
If you already have a gas line in your house and are therefore just paying for the gas heater itself, a HPWH will cost you 2 to 3 times more than a gas water heater. Installation will also be more expensive. This price differential does not include rebates and tax credits that are available for HPWHs. The best rebates are for replacing electric water heaters. Check with HeatSmart Newton about the most current incentives. http://wepowr.com/HeatSmartNewton
Installing a HPWH may also involve additional cost for connecting to a 240 volt electrical source. Your electric dryer or electric oven uses that kind of electricity. The cost of electrical work may range from a few hundred to a thousand dollars, depending on whether or not you need to upgrade your electrical service or your breaker box.
