Save Today, Save Tomorrow with ProTerra
June 29, 2023
Article updated with new information on June 29, 2023
When savings are top of mind, the Rheem® heat pump water heaters are here to deliver. They save you money as soon as they’re installed with the 25C residential tax credit (30% of project cost up to $2,000), local utility rebates and energy cost savings. They can save you money in the long run with energy cost savings adding up over time.
Breakdown of the Savings
- Residential 25C Tax Credit – will provide 30% of the project costs (product cost plus installation) up to $2,000 in tax credits for qualified high-efficiency water heaters; visit our water heater incentives page for more information
- Utility rebates – check with your local utility company to find out how much they are in your area and use our Rebate Center
- Energy cost savings of $491 each year – that’s $4,910 over 10 years1
Quick Payback
Payback* is based on the average retail cost difference of a 50-gallon Rheem Hybrid Electric Heat Pump model to a standard electric water heater less available rebates, tax credits and annual operating cost savings.
Calculation: True Hybrid Electric Heat Pump Project Cost (Product cost + installation cost less tax credit of 30% of project cost up to $2,000) – (local heat pump rebates and incentives) – True Standard Electric Project Cost (Product cost + installation cost) = Total Payback Cost.
Payback Period in Years = Total Payback Cost divided by yearly energy cost savings.
Managing Your Savings
Through the built-in Wi-Fi technology and the EcoNet® app, homeowners can control and track their energy usage, adjust water temperature, set a schedule and change modes.
*Based on 50-gallon Rheem Hybrid Electric Heat pump model compared to a standard electric water heater of like capacity with minimum efficiency; Payback based on average retail cost difference less available tax credits, incentives, rebates and annual operating costs savings. 1 Based on estimated annual operating cost savings of the 40, 50, 65 and 80-gallon models.
Make Sure You Schedule Annual Maintenance
Annual professional maintenance is recommended for your water heater to maintain a comfortable home. Find a professional Rheem plumber or contractor near you:
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