February is perhaps most well-known for Valentine’s Day and being the season of love. What better way to show your family love them by upgrading your older water heater to a new model? Not only will you enjoy more comfortable showers and baths, but you could also save some money on your utility costs for both water and either gas or electricity.
No matter what type of water heater you are interested in getting, our team can help. From tank to tankless and even heat pump models, we can find the water heater to fit your needs. Keep reading to learn everything you need to know about upgrading to a new water heater, including how you can save with current tax credits on heat pump models.
Tank Water Heaters
Tank water heaters come in a variety of sizes so that you can pick one that fits your family’s hot water needs. A smaller family can use a smaller water tank. A larger family needs a larger tank to meet hot water demand. Tank water heaters come in gas, electric, and heat pump models.
When you pick a tank water heater, you want to take energy efficiency, as well as water efficiency, into account. All water heaters have yellow tags that outline the different factors going into their efficiency ratings. Of course, our team can talk to you about this in greater detail if you have any questions or specific expectations.
Tankless Water Heaters
Tankless water heaters tend to cost a little more upfront for installation compared to a tank water heater. However, you do stand to save some money on energy costs for heating water with a tankless model. Plus, you enjoy the benefits of nearly endless hot water for your family.
Instead of maintaining hot water around the clock the way a tank water heater does, a tankless water heater only heats water when you are actively using it. Similar to tank water heaters, these models come in gas, electric, and heat pump options.
Keep in mind that having a tankless water heater means you have to invest in some maintenance steps of your own, including cleaning out both the air and water filters to keep your tankless model operating at its best.
Heat Pump Water Heaters
Heat pump water heaters, also known as hybrid electric water heaters, are an increasingly popular option. Because they have a smaller carbon footprint, they are eligible for a tax credit that was part of the inflation reduction act of 2022. If you invest in a heat pump water heater — either tank or tankless — you can receive 30% of the cost back when you file your taxes, up to a total of $2,000.
The heat pump water heater must have an ENERGY STAR certification and meet or exceed the highest efficiency tier for 2025. These are details we can talk you through to make sure you get a heat pump water heater that qualifies for the tax credit next year when you file your taxes.
Contact Scaran today to schedule an appointment with our professionals for your upgraded water heater solution.
