The tech costs more than conventional options upfront, but federal tax credits, new 120V models and strong savings have made them more appealing than ever.
They tried to push these here…I’d say that everyone inquired, less then 1% bought due to the ABSURD costs, and out of those 1% near 99% had issues with them after the fact.
What you describe was true six or seven years back. The Inflation Reduction Act subsidies have done a lot to close the total-cost-of-ownership gap, and several makers gotten better over time.
I just got one here in the states, installed it myself to save money. Total was about $2.2k for 65 gallons, I’ll get $1k from the utility company as a rebate and tax credit (don’t know what this means to be honest), that plus more than halving my electric consumption to heat up water will pay off really quick.
I mean they are more upfront, but tend to cost less than half as much to run. The reault being that much like many modern electric appliances if you can afford the initial investment you will easily save money in the long run. If not, insert Terry Prachet quote about it being expensive to be poor.
They tried to push these here…I’d say that everyone inquired, less then 1% bought due to the ABSURD costs, and out of those 1% near 99% had issues with them after the fact.
We stopped offering them.
What you describe was true six or seven years back. The Inflation Reduction Act subsidies have done a lot to close the total-cost-of-ownership gap, and several makers gotten better over time.
No idea what rebate that is since I’m not American, but we did have rebates then as well. Still wasn’t worth it. Yes it was about 6-7 years ago.
I just got one here in the states, installed it myself to save money. Total was about $2.2k for 65 gallons, I’ll get $1k from the utility company as a rebate and tax credit (don’t know what this means to be honest), that plus more than halving my electric consumption to heat up water will pay off really quick.
That’s worth it then. I wouldn’t not push that. I was seeing bills of 5-8k for these things. With a 900-1.5k rebate
Where have you seen prices like that for residential? I haven’t seen anything over 3k, even on 80 gallon ones.
I mean they are more upfront, but tend to cost less than half as much to run. The reault being that much like many modern electric appliances if you can afford the initial investment you will easily save money in the long run. If not, insert Terry Prachet quote about it being expensive to be poor.