Thinking About It
I'm seriously thinking about this model, to replace my current water heater which is about 20 years old. This is not a major issue at the moment, but something that I would like to do when the opportunity is present. Preferably, I don't want to wait until the unit stops working or springs a leak. The heater is in the garage, which retains a lot of heat from outside from late spring until when the weather cools down, particularly during the summer months.
To make the change would mean going from gas to electric, but the necessary electric lines are already present. The location in my garage allows for cleaning out the filter and flushing out the tank without presenting access problems. I'm OK with making the extra effort for maintenance. Also, I've looked at the numbers of cost, savings, etc., and this is something that I can live with, especially since this is not a purchase that I am looking to make at least until around the middle of the summer. My electricity rate (courtesy of Southern California Edison) is between $.09 and $.12 per kwh, depending on usage levels and the usage tier that is attained.
As for prices, the lowest that I've seen so far is at Sears, which currently lists the Geospring at $1599.99 on its web site. This is just for the water heater itself. Delivery and installation will certainly increase this amount, especially since not many locations near me have the unit in stock.