DOE Finalizes Efficiency Standards for Water Heaters to Save Americans Over $7 Billion On Household Utility Bills Annually

Compliance will be required starting in 2029 for the new standards adopted today, which would result in over 50% of the newly manufactured electric storage water heaters to utilize heat pump technology, compared to 3% today. Replacing common-sized traditional electric resistance storage water heaters with electric heat pump water heaters meeting the new standards would save consumers approximately $1,800 on their utility bills, on average, over the life of the appliance, with total savings helping low-income households, who spend a higher percentage of their income on utility bills in particular.