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Swap Your Water Heater and Save $1,000

Heat pump water heaters warm your water using much less energy than standard models, saving you hundreds each year on your energy bill. Plus, we’re offering a $1,000 rebate when you purchase a new heat pump water heater.

Water heating is typically the second highest energy expense in your home and can account for up to 19 percent of your home energy costs. 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.

The system works like a refrigerator in reverse. While a refrigerator pulls heat from inside and releases it into the surrounding room, a heat pump water heater pulls heat from the surrounding air and releases it—at a higher temperature—into a tank to warm up the water inside.

Benefits of a Heat Pump Water Heater

According to an EPA study, a family of four could save $350 annually by switching to a heat pump water heater from a conventional electric unit—that adds up to thousands in savings over the heater’s 10-to-15-year lifespan.

If every residential electric water heater in the country were replaced with a heat pump water heater, 140 billion pounds of annual greenhouse gas emissions would be prevented, equivalent to the emissions from more than 13 million vehicles.*

Installation Guidelines:

  • Locations that remain in the 40º–90ºF range year-round. Heat pump systems typically 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.

Get $1,000 Off a More Efficient Water Heater

We’re offering a $1,000 rebate when you purchase a new heat pump water heater. A desuperheater is a small, auxiliary heat exchanger that uses superheated gases from the heat pump's compressor to heat water. This hot water then circulates through a pipe to the home's storage water heater tank.

If your home is in the area affected by the Westchester natural gas moratorium, you can receive up to an additional 30% off your installation, on top of our other rebates.

Get Your Heat Pump Water Heater Rebate

Have a custom heat pump solution for hot water?

We’d like to know! You may qualify for $150 per MMBtu of energy savings. Our in-house team of engineers will walk you through the process. Email us to get started.

Contact Us

Questions about heat pumps?

1-800-430-9505

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Heat pump water heater incentives are limited to one per customer. If you require more than one unit, please call 1-800-430-9505 or email info@ConEdisonResidential.com.