Quote:
Originally Posted by Toymeister
Knowing what I know I would keep your 50 gallon electric until it dies and -maybe- replace it with a electric hybrid. These are actually heat pumps that dump the heat in the water and cool the surrounding air. They will cut your hot water bill as they are 2 - 3 times more efficient. But wait there is more.
How much savings are we talking? With drinking water consumption at 1,800 to 2,400 gallons We use 78.5 to 118.6 KwH or $9.11 to $13.76 per month for a conventional water heater. It might be worth it to you.
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I'll keep in mind. I assume it would cost a lot more than traditional electric.