Updated June 2026

Heat Pump Water Heater Calculator

Find out whether a heat pump water heater is worth it for your home. Compare operating costs against your current electric, gas, or propane water heater and see your payback period.

Your Inputs

Results update instantly as you make changes.

Your Hot Water Use

3 people
15 gal/day

Current Water Heater

0.16 $/kWh

Equipment Costs

3,200 $
1,400 $
Advanced settings4 sections

This calculator estimates the thermal energy needed to heat your household's hot water (gallons per day × 8.34 BTU per gallon-°F × temperature rise, converted to kWh), then divides by each unit's Uniform Energy Factor (UEF) to get the energy it draws. A heat pump water heater moves heat rather than generating it, so its UEF of roughly 3.0–4.0 means it uses about a third of the electricity of a standard electric resistance tank (UEF ~0.92). Gas comparisons convert thermal demand into therms at the gas tank's UEF (~0.62 for standard atmospheric models). Both replacement paths assume your current unit is due for replacement, so the heat pump's investment is compared against installing a like-for-like conventional unit, with energy rates escalating annually. Note on incentives: the federal 25C credit that covered heat pump water heaters (30% up to $2,000) ended December 31, 2025; many state and utility rebates remain — enter what you qualify for in the Rebates field. CO₂ estimates use 0.855 lbs/kWh for grid electricity, 11.7 lbs/therm for natural gas, and 12.7 lbs/gallon for propane.

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