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expiredChris9174 posted Apr 14, 2023 01:52 AM
expiredChris9174 posted Apr 14, 2023 01:52 AM

Rheem Proterra Hybrid electric hot water heaters 20% off

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Home depot deal of the day is Rheem Proterra hybrid electric hot water heaters for 20% off. these are highly rated for efficiency. You can also get 30% back in taxes and local electric companies may have rebates (for example PPL.has a $400 rebate). This brings the price to almost half and there is a huge savings on your electric bill. They pay for themselves in a few years.

https://www.homedepot.com/p/Rheem.../312741462
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Home depot deal of the day is Rheem Proterra hybrid electric hot water heaters for 20% off. these are highly rated for efficiency. You can also get 30% back in taxes and local electric companies may have rebates (for example PPL.has a $400 rebate). This brings the price to almost half and there is a huge savings on your electric bill. They pay for themselves in a few years.

https://www.homedepot.com/p/Rheem.../312741462

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Model: ProTerra 50 Gal. 10-Year Hybrid High Efficiency Smart Tank Electric Water Heater with Leak Detection & Auto Shutoff

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Apr 16, 2023 12:25 AM
675 Posts
Joined Jun 2004
maddog55Apr 16, 2023 12:25 AM
675 Posts
Quote from Chris9174 :
Home depot deal of the day is Rheem Proterra hybrid electric hot water heaters for 20% off. these are highly rated for efficiency. You can also get 30% back in taxes and local electric companies may have rebates (for example PPL.has a $400 rebate). This brings the price to almost half and there is a huge savings on your electric bill. They pay for themselves in a few years.

https://www.homedepot.com/p/Rheem.../312741462
Good find. I had one installed last year in our vacation home. Unfortunately no tax credit but I did get $500 check from the utility cooperative.

When run in heat pump mode, these are incredibly efficient. Just make sure you have enough open space around the water heater for it to operate as intended.

A really nice side benefit is that it dehumidifies the air. Mine is in a garage which used to get pretty hot in the summer. The cool air it produces and dehumidification made a world of difference to the garage environment. Will work wonders for a basement.

Mine is a 220 model but I know the mfr has introduced 110 volt versions now.

If you're at all hesitant, don't be. Just buy it. BTW, it has WiFi which allows you to maximize efficiency in accordance with your lifestyle.

If you have a family, you might want to do what I did last year. A 65 gallon model only costs about $100 more. After everyone's baths, etc. in the evening, the water heater can run in heat pump mode while everyone is asleep. By the time they wake up, there'll be a full tank of cheaply created hot water again. More efficient than using up 50 gallons and then have to run in conventional mode (typical heating rods) for the extra water.

Lest you have concerns about cold weather, be aware that ours ran in heat pump mode when temperatures outside were near zero.

Sadly, the water heater (gas) at my regular home just went out a few weeks ago and we had to get a replacement asap. We had to resort to a direct replacement because it was in stock. I'm kicking myself now. Paid $1550. No 30% tax savings. Nowhere near the efficiency (0.64 vs over 3.50).
Apr 16, 2023 08:47 PM
110 Posts
Joined Mar 2017
MG-70Apr 16, 2023 08:47 PM
110 Posts
Where does it say it's 20% off? It's $1700 at my local HD. Is that 20% off their regular price?
Thanks for the heads-up!
Original Poster
Apr 17, 2023 02:06 AM
91 Posts
Joined Mar 2014
Chris9174
Original Poster
Apr 17, 2023 02:06 AM
91 Posts
Quote from MG-70 :
Where does it say it's 20% off? It's $1700 at my local HD. Is that 20% off their regular price?
Thanks for the heads-up!
It's listed as a special buy, 20% off the regular price. So the 50 gallon is $1646 (down from $2023).

I went with the 80 gallon to replace my traditional 50 gallon with a family of 5. With my emporia showing 20% of my electricity going to heat water this should pay for itself quickly.
Apr 17, 2023 02:32 PM
110 Posts
Joined Mar 2017
MG-70Apr 17, 2023 02:32 PM
110 Posts
Quote from Chris9174 :
It's listed as a special buy, 20% off the regular price. So the 50 gallon is $1646 (down from $2023).

I went with the 80 gallon to replace my traditional 50 gallon with a family of 5. With my emporia showing 20% of my electricity going to heat water this should pay for itself quickly.
Thanks for the explanation! I was looking at two very similar units, one had the "special buy" stamp and the other didn't. The only difference was the built in water detection and water shut off, and interestingly enough that was the one that was some $50 cheaper. Their energy star ratings were the same, in fact, using the comparison tool, it looks as if those two features are the only differences. Thanks again for the heads-up!
Apr 17, 2023 02:56 PM
392 Posts
Joined Aug 2007
davidhoodApr 17, 2023 02:56 PM
392 Posts
Seems like these are $1000 more than a regular electric water heater so how long before you recoup that additional investment?
Apr 17, 2023 03:58 PM
675 Posts
Joined Jun 2004
maddog55Apr 17, 2023 03:58 PM
675 Posts
Quote from davidhood :
Seems like these are $1000 more than a regular electric water heater so how long before you recoup that additional investment?
The $1,000 price difference has been constant for some time now.

To answer your question, think of recoupment in two timing aspects: near term and over time.
For the former, many electric utility companies offer rebates for the heat pump water heaters. My local utility provides about $300 or more in rebates. There's also a federal tax credit of 30% up to $2000. So you can get about $300 in a matter of a few weeks plus another $600 within the next 8-12 months. This almost wipes out the $1,000 difference.

However, the second aspect is even bigger. Hot water is the second biggest user of energy in homes (HVAC is #1). You will save a ton of money from day one until it's death if you run it in heat pump mode. It'll pay for itself in less than two years.
Original Poster
Apr 17, 2023 04:48 PM
91 Posts
Joined Mar 2014
Chris9174
Original Poster
Apr 17, 2023 04:48 PM
91 Posts
Quote from MG-70 :
Thanks for the explanation! I was looking at two very similar units, one had the "special buy" stamp and the other didn't. The only difference was the built in water detection and water shut off, and interestingly enough that was the one that was some $50 cheaper. Their energy star ratings were the same, in fact, using the comparison tool, it looks as if those two features are the only differences. Thanks again for the heads-up!
This deal makes the Proterra cheaper than the performance platinum. Exactly as you said...Proterra adds automatic leak detection and shutoff. Normally this one is more expensive.

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