Benefits
Single-Family
- Heat your home’s water twice as efficiently as standard electric water heaters
- Save 25-50% on your electric water-heating costs
- Take advantage of programmable options such as “vacation mode” that save energy when you’re away and ensure you have hot water when you return
- Dehumidify your home’s damp spaces such as a basement or unconditioned space
Multifamily
- Heat your building’s water twice as efficiently as standard electric water heaters
- Save 25-50% on your building’s electric water-heating costs
- Dehumidify your building’s damp spaces such as a basement or unconditioned space
Commercial
- Heat water twice as efficiently as standard electric water heaters
- Save 25-50% on your company’s electric water-heating costs
Incentives & Financing
Single-Family
INCENTIVES
A $650 Discount available on qualifying Heat Pump Water Heaters.
Federal tax credits may be available. Learn more about the IRA tax credits here or speak to your tax preparer.
FINANCING
Multifamily
INCENTIVES
Technical and financial assistance is available on qualified multifamily projects.
FINANCING
Commercial
INCENTIVES
Instant Discounts up to $1,400 per unit for qualifying Heat Pump Water Heaters
FINANCING
Information & Tips
It’s not hard to understand why heat pump water heaters are twice as efficient as electric water heaters. They move heat rather than making it, just like a refrigerator, but in reverse. And because they use the warm ambient air temperature to do most of the work, they’re very efficient.
Heat pump water heaters come in different shapes and styles. Some models are called “hybrid” water heaters because they can switch modes to operate like a standard electric model when needed—like a hybrid car switching modes for a quick boost of power. This flexibility allows hybrid water heaters to balance efficiency and performance.
Heat pump water heaters make the same amount of hot water using 70% less electricity. They use 1/3 the electricity and at 1/3 the cost than conventional electric water heaters which conserves resources and reduces greenhouse gas emissions.
On an annual basis, an ENERGY STAR commercial electric heat pump water heater would be expected to save at least 10 MWh with an emissions savings equivalent to removing 1.5 cars from the road per year.
Heat pump water heaters are also known as “hybrid water heaters” because, during periods of high demand, they switch to standard electric resistance heat—like hybrid car switching modes. This flexibility allows heat pump water heaters to balance efficiency and performance. (Source: ENERGY STAR®)
Heat pump water heaters let you select from different operating modes including Efficiency (only using the heat pump to heat water), Auto (the default setting), Electric (just using electricity to heat water), and Vacation (not available on all models, but lets you save energy by putting the unit in “sleep” mode while you’re gone). (Source: ENERGY STAR®)
Heat pump water heaters are unique compared to other water heaters in that their performance and efficiency are dependent on the conditions in which they operate. ENERGY STAR® offers a list of questions you should ask yourself before determining if a heat pump water heater is right for your home. (Source: ENERGY STAR®)
Also Explore ➞
Home & Business Energy Assessments
- Request an energy performance assessment of your home or business
- Receive customized energy-saving recommendations
- Get help implementing energy-saving measures from a technician or receive rebates and incentives to implement them yourself
