Market
Electric water heater costs decrease by 10% by 2025?
1
Resolution / Starting Odds
Yes • 50%
No • 50%
Consumer Reports or similar consumer pricing publications
Story
Biden Administration Bans 40% of Gas-Powered Tankless Water Heaters, Expected to Cost Consumers $450 and Impact Low-Income Households
Jan 5, 2025, 01:16 AM
The Biden administration has implemented new regulations banning approximately 40% of natural gas water heaters, a move that is expected to increase consumer costs by an estimated $450. These last-minute regulations, described as 'lame-duck' actions, specifically target gas-powered tankless water heaters, which experts warn could disproportionately affect low-income households and seniors by driving up energy prices. Critics of the ban argue that it will create challenges for those unable to switch to electric alternatives due to insufficient electrical capacity in their homes. The regulations were finalized shortly before the transition to the incoming administration led by Donald Trump.
View original story
Similar markets
Southern Water • 25%
United Utilities • 25%
Other • 25%
Thames Water • 25%
Increase by 5.1% to 10% • 25%
Increase by more than 15% • 25%
Increase by up to 5% • 25%
Increase by 10.1% to 15% • 25%
Renewable energy installations • 25%
Building insulation • 25%
HVAC improvements • 25%
Lighting upgrades • 25%
Increase by more than 10% • 25%
Decrease by more than 10% • 25%
Decrease by 0-10% • 25%
Increase by 0-10% • 25%
Majority favor electric • 25%
Majority favor gas • 25%
Evenly split • 25%
No clear majority • 25%
More than 15% • 25%
5% to 10% • 25%
10% to 15% • 25%
Less than 5% • 25%
0-5% reduction • 25%
No reduction or increase • 25%
More than 10% reduction • 25%
5-10% reduction • 25%