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.
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.
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