Can someone explain this to me because I am not seeing something, apparently.
Quote:
The U.S. Department of Energy (DOE) today finalized Congressionally-mandated energy-efficiency standards for a range of residential water heaters to save American households approximately $7.6 billion per year on their energy and water bills, while significantly cutting energy waste and harmful carbon pollution. The final standards for residential water heaters align with recommendations from various stakeholders, including efficiency and environmental advocates, the Consumer Federation of America, and a leading U.S. water heater manufacturer. The standards would require the most common-sized electric water heaters to achieve efficiency gains with heat pump technology, helping to accelerate the deployment of this cost-effective, clean energy technology while also reducing strain on the electric grid. Over 30 years of shipments, these updated standards are expected to save Americans $124 billion on their energy bills and reduce 332 million metric tons of dangerous carbon dioxide emissionsequivalent to the combined annual emissions of nearly 43 million homes.
"Almost every U.S. household has a water heater, and for too long outdated energy efficiency standards have led to higher utility bills for families," said U.S. Secretary of Energy Jennifer M. Granholm. "The Biden-Harris Administration is continuing to put American consumers first with new, effective rulessupported by industrythat save both energy and money."
https://www.energy.gov/articles/doe-finalizes-efficiency-standards-water-heaters-save-americans-over-7-billion-householdQuote:
DOE last updated residential water heater efficiency standards, which are required by Congress, in 2010. 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.