The pick for most homes with a 240 V circuit: the most efficient and quietest heater here, at every size.
PC Richard $2,419.97 GE AppliancesUnder $2,500 covers many standard 50 and 65 gallon heat pump water heaters from the major tank makers, the usual replacement for an electric tank. They cut water heating electricity use by well over half compared with a resistance tank, and the efficiency gap is what pays back the higher price.
The sticker price is only part of the cost. Budget for installation, a condensate drain, and possibly a new circuit, since most need 240 V. They also need open air around them and make some noise and cool air, so a closet or small utility room can be a poor fit. Check federal and utility rebates, which often cover a large part of the cost.
Prices were last checked November 11, 2026. Product prices and availability are accurate as of that date and are subject to change; the price and availability shown on Amazon or the retailer's site at the time of purchase apply. As an Amazon Associate we earn from qualifying purchases.
Top Picks
The pick for most homes with a 240 V circuit: the most efficient and quietest heater here, at every size.
GE Appliances Wayfair $2,349A strong 240 V choice with Wi-Fi, widely stocked at Home Depot. GE Profile beats it on efficiency and noise.
Home Depot $2,499Best Heat Pump Water Heaters Under $2,500: 40–50 Gallon
- GE Profile 40 Gal#1 of 15Full review
The pick for most homes with a 240 V circuit: the most efficient and quietest heater here, at every size.
PC Richard $2,419.97 GE Appliances$2,419.974.2064 gal240 V35 °F - Rheem ProTerra 50 Gal#2 of 15Full review
A strong 240 V choice with Wi-Fi, widely stocked at Home Depot. GE Profile beats it on efficiency and noise.
Home Depot $1,699$1,6993.8867 gal240 V37 °F - Rinnai REHP50#3 of 15Full review
A Midea-built heater with Rinnai’s support network and one of the few listings on Amazon. Check the seller is a Rinnai-authorized dealer before buying.
Amazon $1,799$1,7993.7573 gal240 V37.4 °F - A.O. Smith Voltex AL 50 Gal#4 of 15Full review
A solid 240 V heater with leak protection included, sold at Lowe’s as the Signature 900 line.
Lowe's $1,950$1,9503.8065 gal240 V37 °F - Ariston NUOS Side-Connect 50 Gal#5 of 15Full review
A non-Midea design with a leak sensor built in and a 10-year tank and parts warranty, sold online by restaurant- and plumbing-supply stores. It is louder than most here, and the manual calls for a licensed installer.
WebstaurantStore $2,219$2,2193.7568 gal240 V35 °F - ACiQ 50 Gal Hybrid#6 of 15Full review
The Midea-built design, sold direct by an online HVAC store, for a buyer installing it themselves who doesn’t need labor cover.
Amazon $1,799.99$1,799.993.7569 gal240 V37.4 °F - Midea 50 Gal Heat Pump#7 of 15Full review
The Midea original behind several heaters here, sold online by HVAC suppliers. Its warranty needs a licensed installer and an authorized seller, so check both or buy whichever rebadged version has the warranty you want.
Supplied Energy $1,884.83$1,884.833.7569 gal240 V37.4 °F - Bradford White AeroTherm 50 Gal#8 of 15Full review
Bradford White’s second-generation hybrid, sold and installed through plumbers, with a 10-year tank and parts warranty and a port for utility demand-response programs.
SupplyHouse $2,483.75$2,483.753.8965 gal240 V37 °F - A.O. Smith Voltex MAX 50 Gal#9 of 15Full review
A solid 240 V heater with leak protection included, sold at Lowe’s as the Signature 900 line.
Lowe's $2,229$2,2293.6865 gal240 V37 °F - Rheem ProTerra 40 Gal#10 of 15Full review
A strong 240 V choice with Wi-Fi, widely stocked at Home Depot. GE Profile beats it on efficiency and noise.
Home Depot $2,098$2,0983.8360 gal240 V37 °F - Senville SENWH-HP 50 Gal#11 of 15Full review
The lowest checked price for the Midea-built design, for a buyer comfortable with a smaller brand’s warranty terms.
Amazon $1,599.99$1,599.993.7569 gal240 V37.4 °F - A.O. Smith Voltex MAX 40 Gal#12 of 15Full review
A solid 240 V heater with leak protection included, sold at Lowe’s as the Signature 900 line.
Lowe's $2,098$2,0983.6055 gal240 V37 °F - Rheem ProTerra Plug-in 50 Gal#13 of 15Full review
A plug-in for replacing a gas tank in a mild-climate garage or basement without new wiring. Buy a size up, since it has no element to fall back on.
Home Depot $2,119$2,1193.0055 gal120 V37 °F - A.O. Smith Voltex 120V 50 Gal#14 of 15Full review
A 120 V plug-in with a backup element and leak shut-off included. Its certified efficiency is among the lowest here, so it suits replacing a gas tank more than replacing an electric one.
Lowe's $2,219$2,2193.0052 gal120 V37 °F - Rheem ProTerra Plug-in 40 Gal#15 of 15Full review
A plug-in for replacing a gas tank in a mild-climate garage or basement without new wiring. Buy a size up, since it has no element to fall back on.
Home Depot $1,699$1,6992.8045 gal120 V37 °F
Best Heat Pump Water Heaters Under $2,500: 65 Gallon
- GE Profile 65 Gal#1 of 7Full review
The pick for most homes with a 240 V circuit: the most efficient and quietest heater here, at every size.
GE Appliances Wayfair $2,349$2,3494.3087 gal240 V35 °F - Rheem ProTerra 65 Gal#2 of 7Full review
A strong 240 V choice with Wi-Fi, widely stocked at Home Depot. GE Profile beats it on efficiency and noise.
Home Depot $2,289$2,2894.0575 gal240 V37 °F - LG Inverter Heat Pump 58 Gal#3 of 7Full review
The pick for a cold garage or basement: its heat pump keeps working in rooms down to 23 °F. Online stores sell it, but LG’s warranty only holds with a licensed contractor’s install.
HVACDirect $2,195 SupplyHouse $2,473.31$2,1953.9376 gal240 V23 °F - Rinnai REHP65#4 of 7Full review
A Midea-built heater with Rinnai’s support network and one of the few listings on Amazon. Check the seller is a Rinnai-authorized dealer before buying.
Amazon $2,049$2,0493.9080 gal240 V37.4 °F - Midea 65 Gal Heat Pump#5 of 7Full review
The Midea original behind several heaters here, sold online by HVAC suppliers. Its warranty needs a licensed installer and an authorized seller, so check both or buy whichever rebadged version has the warranty you want.
Supplied Energy $2,371.33$2,371.333.9080 gal240 V37.4 °F - Senville SENWH-HP 65 Gal#6 of 7Full review
The Midea-built design sold direct by Senville, for a buyer comfortable with a smaller brand’s warranty terms.
Senville $2,199.99$2,199.993.9080 gal240 V37.4 °F - Rheem ProTerra Plug-in 65 Gal#7 of 7Full review
A plug-in for replacing a gas tank in a mild-climate garage or basement without new wiring. Buy a size up, since it has no element to fall back on.
Home Depot $2,199$2,1993.1263 gal120 V37 °F
Best Heat Pump Water Heaters Under $2,500: 80 Gallon
- Rheem ProTerra 80 Gal#1 of 3Full review
A strong 240 V choice with Wi-Fi, widely stocked at Home Depot. GE Profile beats it on efficiency and noise.
Home Depot $2,499$2,4994.0787 gal240 V37 °F - Rinnai REHP80#2 of 3Full review
A Midea-built heater with Rinnai’s support network and one of the few listings on Amazon. Check the seller is a Rinnai-authorized dealer before buying.
Amazon $2,299$2,2994.0091 gal240 V37.4 °F - ACiQ 80 Gal Hybrid#3 of 3Full review
The Midea-built design, sold direct by an online HVAC store, for a buyer installing it themselves who doesn’t need labor cover.
ACiQ HVACDirect $2,149.99$2,149.994.0091 gal240 V37.4 °F
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