Heat Pump Water HeatersApply for a RebateSave $1600 on an ENERGY STAR® certified Heat Pump Water HeaterHow to Get Your RebateAsk your contractor or plumber about purchasing your unit from a participating distributor.Shop at any Maryland retailer and apply for your rebate online or through the mail. Track its status online, too.Get an instant rebate online or in-store at select retailers.Click here to find qualifying models.In addition to your $1600 rebate on qualifying ENERGY STAR heat pump water heaters, you may also be eligible for an additional 30% of the cost (up to $2,000) with Inflation Reduction Act federal tax credits.* Click here to learn more.Is an ENERGY STAR Heat Pump Water Heater Right for My Home?In most homes it can be installed right where your current water heater sits, making it a great option. ENERGY STAR makes it easy to determine whether a heat pump water heater is right for your home with the Water Heater Replacement Guide.Why Choose an ENERGY STAR Certified Heat Pump Water Heater?Savings: An ENERGY STAR certified heat pump water heater can save a family of four approximately $550 a year on electric bills and more than $5,610 over the lifetime of the product .**Environmental benefits: If all-electric heat pump water heaters sold in the U.S. were ENERGY STAR certified, the energy cost savings would grow to about $8 billion each year and approximately 150 billion pounds of annual greenhouse gas emissions would be prevented, equivalent to emissions from more than 14 million vehicles. ***Pepco 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 or visit www.irs.gov to learn more.**Source: energystar.gov Terms and Conditions