Will a heat pump water heater reduce my energy bills?

A heat pump water heater will reduce your energy costs for hot water by 65% compared to a conventional electric water heater, and by 75% compared to a propane water heater. Your energy costs for hot water will be about the same with a heat pump water heater compared to an efficient natural gas water heater.

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Love Electric aims to accelerate the adoption of heat pumps, heat pump water heaters, and other efficient electric technologies in homes and businesses across Colorado, to lower consumer energy costs, reduce greenhouse gas emissions, and provide improved health, comfort and other benefits. Love Electric is an initiative of the Beneficial Electrification League of Colorado (BEL-CO).

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