Heat Pump Water Heaters Tax Credit

Need a new water heater? Heat pump water heaters are not only more efficient but most have a 10 year warranty as opposed to 5-year on conventional gas and electric water heaters.

• The average cost to run an electric water heater is between $400-$1000 a year

• The average for a heat pump water heater is $225

• The inflation reduction act will give you 30% of project cost (up to $2000)

Helpful links:

IRS: https://www.irs.gov/credits-deductions/home-energy-tax-credits

Energy star: https://www.energystar.gov/about/federal_tax_credits/water_heaters_non_solar

Ruud: https://www.ruud.com/rebate-center/?ecr_rebateConsumerTypes=residential&zip=33197&ecr_product_type=solarwaterheater%2Cwaterheater