My house is all electric. I live in MO so Midwest weather. I have a 1300 sq ft ranch house. my water heater is 24 yrs old and I am thinking I want to replace.
I have been doing a lot of research on heat pump water heaters. a 50 gallon unit to be exact. I can get $800 in rebates in my state with Ameren UE/Federal credit
My basement is 1000 sq ft finished and the water heater is in the utility room next to a crawlspace that is mostly insulated, but still a dirt floor so moisture is present.
I have a wood stove in the basement I use in winter, electric boiler and radiant heat baseboards is my main source of heat.
much cheaper operating cost
cool the basement in summer
no need to run the de-humidifier in summer
keep moisture in check coming from crawlspace year round
more upfront cost
more electronics to fail
will pull heat from already chilly basement in winter time
Avg cost to install and haul old one out?