The U.S. Department of Energy on Friday proposed energy efficiency standards on water heaters it said would save consumers $11.4 billion on energy and water bills annually.
The standards on residential water heater efficiency, which are required by Congress, have not been updated in 13 years. Water heating is responsible for roughly 13% of both annual residential energy use and consumer utility costs, the DOE said.
So I can't stand it when people do the "reeeee" thing either, but this one kind of bugs me.
$11.4 billion in savings per year for 332 million people averages to $34 per year.
Here is a typical electric water heater. Cost: $439. Here is one with a heat pump installed as described in the article. Cost: $1,909 - a difference in price of $1,470.
At $34 per year, this water heater would have to last 43 years before any cost savings from the efficiency gains would be realized. I don't know if you know much about water heaters, but this won't happen by a long shot.
Gas units fare similarly, with typical units verses high efficiency units' price differential.
It's hard to be a homeowner these days. This will make it harder. I can accept it in the name of efficiency gains and saving the planet and all that, but the whole "this will save consumers money," bit is pure gaslighting. It's not true. This will cost consumers quite a lot of money.