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Heat Pump Water Heater Rebates and Credits

Heat Pump Water Heater Rebates and Credits

If you’re thinking about replacing your electric water heater, now is a great time to take advantage of an excellent rebate opportunity from MassSave. If you install a qualifying heat pump water heater and you receive your electrical service from a MassSave program sponsor, you can take advantage of a $750 rebate.

Until December 31, 2016, you can also take advantage of a federal income tax credit of $300 on your heat pump water heater purchase. That means you can reduce the cost of installation of a heat pump water heater by $1,000 just by acting right now.

Heat pump water heaters keep saving

The savings don’t stop there. A heat pump water heater can reduce your annual energy spending by more than $300! There’s no reason not to take advantage of this exceptional rebate-and-credit offer.

Heat pump water heaters aren’t appropriate for every space because they extract heat from the surrounding air. Heat pump water heaters work best in spaces that remain at a temperature of 50° F or higher. They also need about 750 square feet of space to work. Heat pump water heaters aren’t approved for use in utility closets, even if the closet has a louvered door.

Worried about not having enough hot water on a cold winter morning? Most heat pump water heaters are hybrid devices. They work first as a heat pump, but have an electric backup system to ensure that your hot water is always hot!

If you’d like more information about heat pump water heaters, this excellent rebate opportunity through MassSave, or you’re trying to figure out whether a heat pump water heater is a good choice for your home, please give us a call at Boston Standard Plumbing & Heating at (617) 288-2911 to schedule a consultation. This rebate program and the associated tax credit are both time limited offers, so don’t wait!

Photo Credit: Oak Ridge National Laboratory, via Flickr.com

National Grid Incentives Could Replace Your Water Heater For You

National Grid is offering a $1,000 rebate on high-efficiency heat-pump water heaters (HPWH) to help defray the cost of purchase and installation. The rebate is available only to Massachusetts residents who live in the service area of a participating utility provider, and who purchase one of 22 different models of heat pump water heaters that meet National Grid’s specific program requirements.

Qualifying HPWH units include those that have an ENERGY STAR listing, an energy factor of at least 2.3, a first-hour rating of at least 60 gallons, a minimum capacity of at least 50 gallons, and the manufacturer must provide a warranty of at least 10 years.

National Grid provides a list of qualifying units on its website, and the rebate is available to customers who are replacing an electric resistance water heater unit or choosing a HPWH for a brand new installation. Program rules also indicate that a licensed Massachusetts plumber must install the new HPWH unit. Self-installations will not qualify for this rebate program. A complete list of program rules and qualifying conditions are available at the National Grid website.

If you had a HPWH unit installed after January 1, 2012, your purchase may be eligible for this rebate program if your installed unit meets all program rules.

Heat pump water heaters can represent an excellent opportunity to save money because they are not only energy efficient, but also the program is designed to encourage replacement of older, inefficient electric water heaters. As a rule, electric appliances consume more energy than gas counterparts, but the HPWH unit represents an opportunity to retain an electric service. It’s an especially attractive option for homeowners who do not have ready access to natural gas or other alternative fuels.

Many retailers are offering qualifying HPWH units at special sale prices. These prices are so attractive that you may be able to recover most or all of the cost of the unit. In other cases, the homeowner’s total out-of-pocket costs will not exceed the cost of a traditional water heater.

If you are interested in taking advantage of this rebate program, or want more information about heat pump water heaters and how they may work for your home, please contact us at Boston Standard Plumbing & Heating at (617) 288-2911. We’ll be happy to arrange a consultation. We’ll also help you choose a qualifying HPWH unit and work with you to claim your rebate.

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