Save $1,000 When You Swap Your Water Heater
Benefits of a Heat Pump Water Heater
Water heating is typically the second highest energy expense in your home and can account for up to 19% 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 heat up the water inside.
A family of four could save $330 annually by switching to a heat pump water heater from a conventional electric unit. That adds up to thousands of dollars in savings over the lifespan of the unit. Plus, they’re safer than conventional fossil-fuel water heaters because they run on electricity, are not flammable, and there’s no risk of carbon monoxide leaks.
Besides being very cost-efficient, they’re also environmentally friendly. In fact, if every conventional residential electric water heater in the country were replaced with an efficient 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.*
Recommended 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
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 of your choice purchase from a participating distributor. Click here to find a local installer in your area.
How to Purchase From a Participating Retailer (In-Store Only)
- 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.
To qualify, purchases must be made in-store at a participating retailer by December 31, 2024. Online purchases do not qualify. Terms and conditions apply.
Participating Retailer Locations
Lowe's
- Brooklyn
- 118 2nd Ave, 11215 (Store ID 1674)
- 5602 Avenue U, 11234 (Store ID 2284)
- Staten Island
- 2171 Forest Ave, 10303 (Store ID 1583)
- 2790 Arthur Kill Rd, 10309 (Store ID 1597)
- Westchester
- 100 Ridge Hill Boulevard, Yonkers, 10701 (Store ID 3305)
Home Depot
- Bronx
- 600 Exterior St, 10451 (Store ID 6891)
- 2560 Bruckner Blvd, 10465 (Store ID 6877)
- 1806 E Gun Hill Rd, 10469 (Store ID 1221)
- Brooklyn
- 230 Nostrand Ave, 11205 (Store ID 6957)
- 550 Hamilton Ave, 11232 (Store ID 1225)
- 2970 Cropsey Ave, 11214 (Store ID 1256
- 5700 Avenue U, 11234 (Store ID 6158)
- 579 Gateway Dr, 11239 (Store ID 6152)
- Manhattan
- 40 W 23 St, 10010 (Store ID 6175)
- 980 3rd Ave, 10022 (Store ID 6177)
- Queens
- 50-10 Northern Blvd, 11101 (Store ID 1255)
- 59-15 Maurice Ave, 11378 (Store ID 6120)
- 75-09 Woodhaven Blvd, 11385 (Store ID 1220)
- 124-04 31st Ave, 11354 (Store ID 1277)
- 131-35 Avery Ave, 11355 (Store ID 1214)
- 11220 Rockaway Blvd, 11420 (Store ID 1215)
- 92-30 168th St, 11433 (Store ID 6928)
- 73-01 25th Ave, 11370 (Store ID 6844)
- 13220 Merrick Blvd, 11434 (Store ID 1238)
- Staten Island
- 2501 Forest Ave, 10303 (Store 1249)
- 545 Targee St, 10304 (Store ID 6150)
- 2750 Veterans Rd W, 10309 (Store ID 1281)
- Westchester
- 1 Saw Mill River Rd, Hawthorne, 10532 (Store ID 8456)
- 3051 E Main St, Mohegan Lake, 10547 (Store ID 1251)
- 55 Weyman Ave, New Rochelle, 10805 (Store ID 1245)
- 150 Midland Ave, Port Chester, 10573 (Store ID 1212)
- 601 Sprain Rd, Yonkers, 10710 (Store ID 1248)
How to Purchase From a Participating Distributor
Have your installer purchase a qualifying unit from a participating distributor and receive a $1,000 rebate as part of the installation.
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LOCATION NYC, Long Island |
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LOCATION New York, NY |
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LOCATION Westchester, NY |
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DISTRIBUTOR BK Dragon Supply |
LOCATION New York, NY |
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LOCATION New York, NY |
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LOCATION Westchester, NY |
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LOCATION New York, NY |
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LOCATION New York, NY |
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LOCATION New York, NY |
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LOCATION Long Island, NY |
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LOCATION Online Only |
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LOCATION Westchester, NY |
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LOCATION Westchester, NY |
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LOCATION New York, NY |
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DISTRIBUTOR L&A Plumbing Zone Supply |
LOCATION New York, NY |
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LOCATION Fishkill, NY |
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LOCATION New York, NY |
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LOCATION New York, NY |
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LOCATION New York, NY |
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LOCATION New York, NY |
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LOCATION New York, NY |
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LOCATION Port Chester, NY |
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LOCATION Westchester, NY |
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LOCATION New York, NY |
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