Insulation
Rebate: $1.70 per Square Foot | |
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Max Rebate | N/A |
Avg. Lifetime Savings | $4000 |
Avg. Lifespan (Years) | 20 - 50 |
The information provided on this site is for general informational purposes only and is not intended to be legal, financial, or tax advice.
The Energize CT Heat Pump Water Heater rebate is a program that provides a $750 discount for eligible heat pump water heaters. The rebate is available to residential electric service customers in the service territory of Eversource or UI, which are utility companies. The incentive duration for this program is from January 1, 2023, to December 31, 2023.
Residential electric service customers are eligible for the Energize CT Heat Pump Water Heater rebate. This means that individuals who receive electric service from Eversource or UI, the participating utility companies, can participate in the program. The rebate program is open to customers in the service territory of these utility companies. It is important to note that eligibility may be subject to specific requirements and guidelines established by the utility companies or the rebate program itself. Additionally, customers who meet certain income eligibility guidelines may be eligible for even greater incentives through the Home Energy Solutions – Income Eligible program.
The technical details for eligible equipment under the Energize CT Heat Pump Water Heater rebate program are as follows:
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These technical specifications ensure that the heat pump water heaters meet certain energy efficiency standards, as indicated by the UEF rating. A higher UEF indicates a more energy-efficient unit, which helps reduce energy consumption and lower utility costs.ENERGY STAR certification ensures that the equipment meets or exceeds these efficiency requirements. It’s worth mentioning that these technical details are subject to the guidelines and regulations set by Eversource and UI, the participating utility companies.
Heat pump water heaters are an excellent option homeowners in Connecticut looking to upgrade their water heating systems. These water heaters offer several benefits over traditional electric or gas water heaters, especially when paired with Energize CT’s incentives and rebates. Here are some of the benefits of acquiring heat pump water heaters for Connecticut homeowners:
The average initial cost of an ENERGY STAR certified heat pump water heater can range from $1,700 to $3,000. This estimate reflects the typical price range for purchasing and installing a heat pump water heater. The actual cost will depend on various factors, including the capacity and features of the unit, brand, installation requirements, and any additional components or labor involved in the installation process. It’s important to consider that prices may vary among different regions and suppliers.
The average lifetime savings for upgrading to an ENERGY STAR certified heat pump water heater can range from $3,000 to $4,000. This estimate takes into account the energy efficiency and cost savings associated with using a heat pump water heater compared to traditional electric resistance water heaters. Heat pump water heaters are highly efficient as they use electricity to transfer heat from the surrounding air to heat the water, rather than generating heat directly. This results in lower energy consumption and reduced operating costs over the lifespan of the unit. The actual savings will depend on various factors, such as the initial cost of the unit, local energy rates, hot water usage patterns, and the efficiency of the previous water heater being replaced. However, on average, customers can expect to save several thousand dollars over the 10 to 15-year lifespan of the heat pump water heater. It’s important to note that the estimated lifetime savings are approximate and can vary based on individual circumstances. Actual savings will depend on factors specific to each household, including energy usage patterns and utility rates.
IRA Electrification Rebate: $1750 | |
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Upfront Discount | 50%-100% of Costs |
Avg. Initial Cost | $800-$3500 |
IRA Tax Credit: 30% of Costs | |
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25C Max Credit | $2000 |
25D Max Credit | Uncapped |
The Inflation Reduction Act’s 25C tax credit offers Connecticut residents a 30% tax credit for heat pump water heaters, with a maximum cap of $2,000 per year. The credit resets annually, allowing homeowners to claim it again for additional projects. Additionally, the act provides a 30% tax credit of up to $600 for an electrical panel upgrade if done alongside a qualifying 25C upgrade. Combining both upgrades can be advantageous.
Looking to maximize your Heat Pump Water Heater incentive/rebate and achieve optimal energy savings for your home? Look no further than a comprehensive Home Energy Solutions (H.E.S.) audit. By identifying areas of energy waste and recommending upgrades to enhance efficiency, a HES assessment is the logical first step in your energy savings journey. Plus, with the HES Score you receive, you'll be able to qualify for the best incentives available. Don't miss out on the opportunity to save energy and money - schedule your HES audit today and start your journey towards a more efficient home.
H.E.S. only costs you $50 out-of-pocket. It could be free-of charge if you qualify for Home Energy Solutions Income-Eligible (H.E.S.-IE).
Rebate: $1.70 per Square Foot | |
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Max Rebate | N/A |
Avg. Lifetime Savings | $4000 |
Avg. Lifespan (Years) | 20 - 50 |
Rebate: $100 per Unit | |
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Max Rebate | N/A |
Avg. Lifetime Savings | $10000 |
Avg. Lifespan (Years) | 20 - 30 |
Rebate: $1250 per Ton | |
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Max Rebate | $15000 |
Avg. Lifetime Savings | $50000 |
Avg. Lifespan (Years) | 25 - 50 |
Rebate: $85 per Unit | |
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Max Rebate | N/A |
Avg. Lifetime Savings | $565 |
Avg. Lifespan (Years) | 9 - 10 |
Rebate: $300 per Unit | |
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Max Rebate | N/A |
Avg. Lifetime Savings | $2000 |
Avg. Lifespan (Years) | 18 - 20 |
Rebate: $650 per Unit | |
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Max Rebate | $650 |
Avg. Lifetime Savings | $1550 |
Avg. Lifespan (Years) | 18 - 20 |
Rebate: $750 per Unit | |
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Max Rebate | $750 |
Avg. Lifetime Savings | $20000 |
Avg. Lifespan (Years) | 18 - 20 |
Rebate: $300 per Unit | |
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Max Rebate | $300 |
Avg. Lifetime Savings | $1500 |
Avg. Lifespan (Years) | 10 - 11 |
Rebate: $35 per Unit | |
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Max Rebate | $35 |
Avg. Lifetime Savings | $4800 |
Avg. Lifespan (Years) | 10 - 15 |
Rebate: $1250 per Ton | |
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Max Rebate | $15000 |
Avg. Lifetime Savings | $15000 |
Avg. Lifespan (Years) | 15 - 20 |