Save $1,000 When You Swap Your Water Heater
Heat your water using much less energy and save hundreds each year on your energy bill.
Get $1,000 Off A More Efficient Water Heater
Get a $1,000 instant rebate for a qualified ENERGY STAR–certified heat pump water heater with up to 120 gallons of storage capacity either by making your purchase in-store at select Lowe’s or Home Depot retail locations, or by having an installer purchase from a participating distributor.
How it Works
If you are making the purchase*
- Confirm your eligibility and get your coupon code.
- Find a participating Lowe’s or Home Depot store from the list below.
- Present the coupon code at the register in-store to receive your $1,000 instant rebate before making your purchase. The coupon code is only valid for the retailer where it was created. Coupon may not be combined with other retailer discounts.
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Participating Retailer Locations |
Lowes |
Home Depot |
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Participating Retailer Locations Bronx |
Lowes |
Home Depot 600 Exterior St, 10451 (Store ID 6891) |
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Participating Retailer Locations Brooklyn |
Lowes 118 2nd Ave, 11215 (Store ID 1674) |
Home Depot 230 Nostrand Ave, 11205 (Store ID 6957) |
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Participating Retailer Locations Manhattan |
Lowes |
Home Depot 40 W 23 St, 10010 (Store ID 6175) |
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Participating Retailer Locations Queens |
Lowes 253-01 Rockaway Blvd (Store ID 2664) |
Home Depot 50-10 Northern Blvd, 11101 (Store ID 1255) |
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Participating Retailer Locations Staten Island |
Lowes 2171 Forest Ave, 10303 (Store ID 1583) |
Home Depot 2501 Forest Ave, 10303 (Store 1249) |
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Participating Retailer Locations Westchester |
Lowes 100 Hill Boulevard, Yonkers, 10701 (Store ID 3305) |
Home Depot 1 Saw Mill River Rd, Hawthorne, 10532 (Store ID 8456) |
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Participating Retailer Locations Long Island |
Lowes |
Home Depot 101 Green Acres Rd S (Store ID 1216) |
If your contractor is making the purchase*
Have your installer purchase a qualifying unit from a participating distributor to receive a $1,000 rebate as part of the installation.
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New York Distributors |
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New York Distributors |
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New York Distributors BK Dragon Supply |
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New York Distributors East Coast NA HVAC Supplier Corp |
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New York Distributors |
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New York Distributors |
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New York Distributors |
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New York Distributors |
Phone Number 1-718-345-1900 x107 |
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New York Distributors United Plumbing Heating & Appliance Corp. |
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Westchester Distributors |
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Long Island Distributors |
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Long Island Distributors |
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Long Island Distributors East Coast NA HVAC Supplier Corp |
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Long Island Distributors |
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Long Island Distributors |
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*Please note that purchases must be made in-store at a participating retailer by December 31, 2024. Online purchases do not qualify. Terms and conditions apply.
Benefits of a Heat Pump Water Heater
Cost-Effectiveness
By switching to a heat pump water heater, a family of four could save $330 annually. That adds up to thousands of dollars in savings over the lifespan of the unit.
Safety
Heat-pump water heaters run on electricity, so they are not flammable. There is no risk of carbon monoxide leaks.
Energy-efficiency
Heat pump water heaters are up to three times more energy efficient than conventional electric resistance water heaters since they use electricity to move heat from one place to another instead of generating heat directly.
Recommended Installation Guidelines:
- Locations that between 40º–90ºF year-round. Heat pump systems work more efficiently in warmer climates because they remove heat from the air.
- 1,000 cubic feet of air space around the water heater.
- An installation space with excess heat, such as a furnace room. Heat pump water heaters will not operate efficiently in a cold space. They tend to cool the spaces they are in.