Hi Slow1,
I have a Geyser HPWH. I bought it for about $1100 delivered to my house direct from the company that makes them. I wouldn't pay more.
I have had it for a little more than a full heating season. I live in a cold climate in upstate NYU with a well-insulated basement, and desired to lower my (already low) electricity usage for hot water direct electric heating and provide some dehumidification for my basement. It has worked well on both counts with some caveats.
First, I have a day/night electric meter and ran my hot water direct electric tank on a night timer and used approximately 220 kWh/month for water heating in the winter, 170 kWh/month in the summer and about 200 kWh/month in spring/fall. My HPWH is on a 115V circuit and I have metered it with a Kill-a-Watt meter and I have the following data to report:
Summer 2011 - 85 kWh/month
Fall 2011 - 110 to 120 kWh/month
Winter 2011/12 - 200 kWh/month (this led to a lot of changes, discussed below)
Spring 2012 - 150 kWh/month (colder incoming water than fall? Also, I made changes, discussed below)
Summer 2012 - 60 kWh/month
First, I tried to run the HPWH like my direct electric heater with a night timer and storage throughout the day. I heated the water to 130 degrees F overnight and used it during the day. Worked well that first summer. However, this didn't work in the winter - 8 hours wasn't enough time to heat the tank.
So, in Winter 2011/12, I let it run whenever it needed to, and it was running a lot. By the end of the winter, my basement was 50 degrees F and the COP seems to really go down at that temperature. I put an electric resistance element on backup and was still using a lot of energy for the HPWH and it was running a lot.
In Spring 2012, the performance didn't improve as much as I thought it should have by May 2012. I think that it was partly because the basement was a good 5 degrees colder than the previous May (HPWH had done that). I also worried that I had some scale in my heat exchanger (I have since installed a water softener). So, I reduced the temperature to 120 degrees in the HPWH from 130 degrees. That helped a lot. Also, I had noticed that my wife would run straight hot water when rinsing dishes - using the same hot water at slightly lower temperatures reduced the usage a bit as well.
In Summer 2012, I started out by getting about 110 kWh/month usage. I think this was because of the colder basement. Also, I noticed that the insulation on my outlet pipes was not what it could be. I did a better job of thoroughly insulating all of my pipes, and double insulated the pipes between my tank and the HPWH and my usage dropped to 60 kWh/month.
The bottom line for me is the following:
- You will probably find that in the northeast, the basement will get too cool in deep winter with this thing running, and you will want a backup heating plan for the hot water.
- My unit runs about 6 hours a day in the summer, and 12-15 hours a day in the winter, and we don't use a lot of hot water compared to most people. If you have a large family, I don't see it supplying all of your need in the winter - you will need a backup element (even I did last winter, but maybe not this coming winter due to extra insulation and settings changes).
- You will get a fantastic dehumidification side-benefit from this - that was actually the main reason I installed it. I was tired of running a dehumidifier in the basement 8 hours a day in the summer with all of the attendant costs and heat generation.
- Plan on using it at 120 degrees F (the factory setting). The HPWH seems lose a lot of COP/efficiency in going from 120 degree water to 130 degree water.
- You must be meticulous in insulating all of the pipes coming out of the hot water heater, and if you don't have great insulation on your tank, insulate that with more. Don't setting for the single layer of insulation on the hoses connected the HPWH to the tank. Double-insulate thos with more insulation. Don't allow one bit of exposed pipe surface anywhere - tape everything up thoroughly to ensure it stays in place.
PM me if you have any specific questions. FYI - I am only checking this site about once/week, so a reply could take that long.