How much can you save with a heat pump water heater?

What are Heat Pump Water Heaters?

Heat pump water heater is a well-established technology that provides hot water for bathing. It also removes heat and lowers the temperature of the room where it’s installed. It uses electricity to move the heat to another place using a reverse refrigeration system similar to refrigerators and air conditioners. It can be either a stand-alone water heating system, or used as combination water heating and space cooling.