A Heat Pump Water Heater (HPWH) is an energy-saving, utility-bill-lowering champion, but its upfront cost can sometimes be a barrier. Standard gas and electric water heaters can cost half to a third as much as a HPWH.
Incentives are key to reducing this initial cost, making it affordable for families to install HPWHs and unlock their significant savings potential (ENERGY STAR estimates that a HPWH saves $500 a year compared to a electric resistance water heater).
We did a scan of the hundreds of HPWH incentives across the US and this article profiles some of the top ones in each region of the country. With the federal tax credit for HPWHs (of up to $2,000) expiring at the end of the year, it’s the perfect time to take advantage of all the funding available to decrease your upfront cost and get your heat pump water heater on.
Joe Wachunas