Get an $800 Instant Rebate on ENERGY STAR® Models
As the second-largest energy expense in your home after heating and cooling, water heating accounts for up to 20% of your utility costs.* ENERGY STAR certified hybrid heat pump water heaters can help you increase your energy efficiency and cut costs.
How You Can Save
Here are a few easy ways to get the lowest price.
Ask your contractor or plumber about purchasing your unit from a participating distributor. Your discount will be passed on automatically, with no paperwork necessary.
Buy a qualifying heat pump water heater from any retailer. Once the purchase is complete, submit the online rebate form.
Get an instant discount coupon and purchase in store from a participating retailer:
Tax Credits
In addition to your $800 SMECO rebate, you may qualify for a federal tax credit of 30% of the cost of the heat pump water heater (including installation costs) up to $2,000. To learn more, visit the Inflation Reduction Act federal tax credit website.
SMECO is not a qualified tax consultant. This information is not intended as personal tax advice. Please contact a tax professional or CPA to confirm details specific to your qualifications and eligibility.
The Benefits of Efficiency
Unlike traditional water heaters, heat pump water heaters use the warm air inside your home to help it heat the water inside the tank. This makes heat pump water heaters much more efficient, using less energy and resulting in cost savings. A typical family of four could save an average of $550 per year by switching to a heat pump water heater.
| Household Size | Annual kWh Savings | Annual Savings | Payback Years | Lifetime Savings |
|---|---|---|---|---|
| 2 | 1,800 | $270 | 5.5 | $2,050 |
| 3 | 2,820 | $410 | 3.7 | $3,830 |
| 4 | 3,760 | $550 | 2.7 | $5,610 |
Source: energystar.gov
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Appliance Rebates
Get discounts on energy-efficient appliances like smart thermostats, air purifiers, and dehumidifiers.
Questions?
Get answers. Call 877-818-4094 for more information.
EmPOWER Maryland programs are funded by a charge on your energy bill. EmPOWER programs can help you reduce your energy consumption and save you money. Learn more about EmPOWER and how you can participate.