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Click Here for the link to the total Consumer Reports Article. What does Consumer Reports say about Hybrid Water Heaters? The price per year to operate certainly one of the standard water heaters was about $520 per yr. Since the Water Heater has a 10 12 months guarantee, lets say that it dies in 10 years and 1 month (Murphy's Warranty Law). My neighbor installed a solar scorching water heater for $5,000 with an $50 dollar a month estimated savings. That is a savings of $313 per year or $26 a month on my electric invoice. This hot water heater prices $195 a 12 months to run. My current electric water heater is similar to the Whirlpool 50-Gallon 9-Year Regular Electric Water Heater that prices $398 at Lowe's. With a financial savings of $313 per 12 months on my electric invoice, I may have covered the difference in the fee in lower than 3 years. However, I stumbled throughout hybrid electric heat pump water heaters and EUREKA! The difference in the purchase price of the two water heaters (after taxes) was $857.07. Let's dial it again a era or two.