Is a hybrid water heater more efficient than oil?
October 11, 2012 11:48 AM Subscribe
Help me analytical-types! Do I upgrade my current water heater to the GE Geospring Hybrid for practically free??
posted by Thrillhouse to Home & Garden (8 answers total)
Okay, here's my story.
I live in MA.
My house is 20 years old and heated with oil forced-hot-water.
My water heater is a furnace coil with 80-gallon storage tank.
This year we installed Mitsubishi split-system AC/Heat Pumps in every room.
The expectation is that we will be using these systems for heat until the temps are in the low 30's or lower. However my furnace will still be running all year 'round to maintain hot water for the house.
My understanding is that even in this case my hot water heating is STILL more efficient than a standard electric water heater.
However, this new GE Geospring hybrid heater is claiming 60%+ more efficient than a standard water heater.
National Grid is giving $1000 rebates for upgrading to this system making the upgrade close to free for me.
Is this a good idea? Will I see a substantial savings over my current water heating system? Trying to work the numbers is beginning to blow my mind so I figured I'd release my dilemma upon you smart people.