Brand New. In Unopened Box. This high quality A.O. Smith Hybrid energy saving electric water heater retails for $1299.00 plus the taxes. This model sold out at the full retail price recently. This Hybrid water heater will cut your water heating costs to a third of what they currently are now. Premier heat pump water heaters can save you up to 73% per year in energy costs compared to standard 50 Gallon electric water heaters, providing payback in 1 to 1.5 years. Not only do you have the security of a brand new water heater, it will quickly pay for itself in energy savings, especially at the $690 I'm asking. Finding a quality Hybrid electric energy savings water heater for half off is very rare. If you have any other questions, feel free to ask. The water heater is available for pickup most anytime.  The heat pump technology delivers tremendous savings, by generating heat through the heat pump technology instead of the heating elements. It offers premium features including a user-friendly display, vacation mode to save money while you are away, and a heavy duty anode that protects your tank for 10 years. In addition to the heat pump technology, this model also has two heating elements that help the water heater recover quickly during periods of high demand. ENERGY STAR® certified, reduces water heating costs up to 73% With annual energy costs as low as 113 dollars and an estimated 306 dollars or more in annual savings, heating water is more efficient than ever Saves an average 3,000 dollars over 10 years in standard projected operating expenses versus a comparable standard electric water heaters Ideal hot water delivery for households with 3-4 people when sized appropriately Two back-up 4,500-watt copper heating elements provide a first hour delivery of 46 gallons Tall and slim 63-in H x 22-in diameter profile is designed for easier installation Easy to use electronic interface allows you to change the temperature and select from 4 operating modes - efficiency, hybrid, electric, and vacation - for maximum efficiency and performance Washable filter is also easy to access and clean, so you can prevent dust and grime from invading the heating system