Not only does it provide hot water for showering, washing hands, and shaving, but the water heater also produces the hot water needed for doing laundry and washing dishes. Unfortunately, water heaters are not meant to last forever, so you may need to replace it at one point, while living in your home. Even though traditional tank water heaters are most common, opting for a heat pump water heater can be a great investment for your home. Of course, you may not be familiar with this innovative appliance. Here are a few interesting facts to help you understand heat pump water heaters.

It Works Like a Refrigerator

One of the most interesting facts about a heat pump water heater is that it works in a similar manner as your refrigerator. Your refrigerator is designed to pull heat from the interior, and move it to a different space. This keeps the food inside your refrigerator cool. With your heat pump water heater, your HVAC heat pump pulls heat from the air and moves it into the water heater, heating the water you need for bathing, showering, and doing dishes or laundry. Instead of actually making heat for your water, the heat pump water heater moves heat to the water. This ensures your heat pump water heater is a smart investment due to a few key benefits.

It Conserves Energy

A water heater is the second largest energy consumer in homes. By moving heat instead of creating it, your heat pump water heater is able to conserve a great deal of energy. This is especially true since the amount of energy needed to create hot water for showers, baths, washing dishes, and other tasks can really add up over time.

Determining the exact amount of energy savings is difficult, since each household requires a different amount of hot water. However, improving energy efficiency is one of the main benefits of installing a heat pump water heater in your house.

It Improves your Financial Wellness

Conserving energy is great for the environment, but it is also beneficial to your bank account. On average, a family of 4 can expect to save $330 a year after installing a heat pump water heater certified by Energy Star.

Over the course of the water heater's lifespan, the savings will add up to a tremendous amount of money.

If it is time to replace your water heater, consider going with a heat pump model. With energy conservation and financial savings, the benefits of this innovative appliance are easy to see. Speak to a local plumber to learn more about water heater replacement.