That $400 heat pump water heater is still paying me back, but the install was rough
I swapped my old electric tank for a heat pump model back in March because the rebate made it too good to pass up. The unit itself was $1,200, but after the utility rebate and tax credit I was only out about $400. My electric bill dropped by $35 a month, so I'm already past the break-even point. The catch was the installer had to run a condensate line to my floor drain, which took two extra visits and some drywall patching. If you're thinking about it, check your basement space and drain setup first, or you'll be paying for surprises. Anyone else deal with hidden install costs that ate into their savings?