The house we bought a year ago has an electric water heater, and it's a wishlist item of mine to upgrade it to a heat pump. Our electric bill is way higher here

The house we bought a year ago has an electric water heater, and it's a wishlist item of mine to upgrade it to a heat pump. Our electric bill is way higher here than where we lived previously, and the only thing significantly different is that we have electric hot water here. My in-laws have one and it seems to work pretty well. Plus you get a bit of A/C out of it in the summer.