Save Up to $564 Per Year With an Energy–Efficient Heat Pump Water Heater
Plus, you could qualify for a $900 instant rebate by purchasing online, in-store or through your installer.
Image Courtesy of Mass CEC
With an energy-efficient heat pump water heater, you can save money and reduce your environmental footprint while ensuring you always have hot water. Heat pumps are more efficient than electric water heaters because they use heat from the surrounding air to heat the water, rather than create heat. The process provides the added benefit of dehumidifying your basement or mechanical room.
Why Choose a Heat Pump for Water Heating?
Heat pump water heaters are extremely efficient and can save you money on your water heating bills while reliably providing your family with hot water. With programmable options like “vacation mode,” you can save energy while you’re away and ensure you have hot water when you return.
There Are Two Ways to Purchase and Receive the Instant Rebate
1
Online Marketplace
See if a heat pump water heater is right for your home with our Product Advisor tool, buy online and even connect with a contractor on the Mass Save® Heat Pump Water Heater Marketplace.
1
Retailer
Purchase in-store at participating retailers like The Home Depot or Lowe's using an instant rebate code.**
2
Contractor
Have your licensed plumber purchase an eligible unit from a participating distributor.
For more information and a mail-in rebate, visit NHSaves.com
*Based on 2,173 kWh annual energy savings information located in the 2025 NH Technical Reference Manual for replacing an electric water heater with a heat pump water heater and the residential electric cost of 23 cents/kWh in New Hampshire. For information on energy savings click here and electric rates click here.
**Click the link, enter your information to check your eligibility, and receive a text message with the link to access your instant rebate code. Redeem it at checkout at participating retailers