Home Depot offers the Rheem Performance Platinum 50-Gallon Hybrid High Efficiency Electric Smart Water Heater for $1,079.99 . Choose in-store pickup to dodge the $55 shipping fee. That's $119 off and the lowest price we could find. It features WiFi, remote monitoring via the EcoNet mobile app, and a hybrid heat pump design, which is purportedly four times more efficient than standard electric water heaters. Deal ends February 18.