Electric Heat Pump Water Heaters
More time to save more: Save up to $1,065 through November 15, 2024.
Discover the great indoors with the new generation of electric heat pump water heaters. New models use clean energy and are super-efficient — using up to 70% less electricity than traditional, less efficient ones. This makes them the most eco-friendly solution for all your water heating needs and helps you conserve energy and reduce greenhouse gas emissions.
Take advantage of our extended, increased incentive offer and you could also qualify for a bonus! Get an extra $140 over your $700 rebate when you upgrade to a new heat pump water heater between October 1 and November 15, 2024, plus you can get an exclusive $225 bonus if you submit your rebate application by December 6, 2024.* That is $1,065 in savings on the most eco-friendly and energy efficient water heater in the market!
If your current water heater is 10 years or older, this is a good time to upgrade to a heat pump water heating system and take advantage of our incentives. Plus now, we offer three convenient ways to deliver our incentives and make them more affordable.
Use this chart to see if it's time for you to switch to the savings, comfort and peace of mind of a high-efficiency model.
| Type of Water Heater | Average Effective Unit Life Span (Years) |
|---|---|
| Heat Pump Water Heater | 10 |
| Indirect Water Heater | 11 |
| Storage Water Heater (Electric) | 13 |
| Storage Water Heater (Gas) | 15 |
Three easy ways to save on a heat pump water heater.
Plus take advantage of other ways these efficient water heaters could be more affordable for your budget, like low-interest financing options and federal tax credits.
Get up to $700 with an instant rebate code redeemable at checkout when you purchase a qualifying heat pump water heater at Lowe's and Home Depot. Simply look for National Grid in-store signage and scan the QR code when you are ready to shop.
After installing your new heat pump water heater complete our online application to get your rebate. From October 1 through November 15, 2024, you will get an extra $140, bringing your total rebate to $840 plus, if you submit your application by December 6, 2024 you will earn a $225 bonus. That’s $1,065 in savings!
You or your contractor/plumber can purchase a qualified heat pump water heater from a participating distributor to get our limited-time, extra $140 on top of your $700 rebate. Simply supply basic project information to confirm eligibility and save $840 between October 1 and November 15, 2024.
*Heat pump water heater incentives are exclusive to National Grid Electric Service customers. Increased incentive offer is not applicable to in-store instant rebates. December 6 bonuses are only available for rebate applications.