Your electric utility provides funding to make this discount possible:
Heat Pump Water Heaters
Income-eligible Vermonters can get up to 100% of their project costs covered, up to $5,000 (see details below). Or get a $600 discount from your utility or Efficiency Vermont. You may also be eligible for federal tax credits to help offset the cost.
About this rebate
Offer available to:
- ✓ Residential Properties
- ✓ Businesses
Effective Date: April 1, 2024
Offer subject to change.
- Must be new, installed in Vermont, and listed on the Qualifying Products List at the time of purchase. Used, rebuilt, or refurbished equipment is not eligible.
Details
Get $600 back or receive a $600 instant discount through a participating distributor ($600 post-purchase rebate cannot be combined with instant point-of-purchase discount)
Vermont homeowners whose annual household income falls at or below low or moderate-income guidelines may be eligible to have up to 100% of their project cost covered when replacing an existing water heater. ($600 rebate CAN be combined with the income-eligible rebate. Rental property owners and new construction projects are not eligible for this offer at this time.) Download the form to apply. (Limit: one per household.)
- Low income: 100% of costs*
- Moderate income: 90% of costs up to $6,000*
*Projects costing over $5,000 must be approved in advance by Efficiency Vermont
$600 Instant Rebate:
- Confirm eligibility
- Find a contractor
- Contractor receives instant discount on qualifying products at time of purchase at participating distributor
or
$600 Post-Purchase Rebate:
- Confirm eligibility
- Find a retailer or contractor
- Purchase and install qualifying products
- Download rebate form or apply online
- Submit completed application with proof of purchase that includes purchase location
Income-Eligible Post-Purchase Rebate:
After confirming eligibility and completing qualifying purchase and install, download the rebate form and submit to [email protected] with proof of purchase. Renters must also submit a declaration of ownership signed by a landlord.
| Partner | Additional Offer | Details |
|---|---|---|
| Burlington Electric Department | up to $1,000 | Post-purchase rebate |
| Federal Tax Credit for tax years 2023-2032 | 30% of cost, up to $2,000 per year | Federal Tax Credit details & eligibility |
| Municipalities served by VPPSA | $200 back | Post purchase rebate |
| Washington Electric Co-op | $100 back | Thermal incentives |
Secure financing to help pay for energy-saving improvements.
Financing for business
Business Energy Loan
Low-interest financing for businesses, nonprofits, and institutions.
Financing for homeowners
Home Energy Loan
Flexible financing for homeowners starting at 0% interest.