Save $500 - $750 - Rebate on Heat Pump Water Heater
Requirements
Confirm you live in zip code 98503, 98516, or 98513. If not, you are still eligible for PSE rebates, but not the matching City of Lacey rebate. Please visit pse.com/rebates.
- Federal Tax CreditFederal Tax Credit
Save up to $2,000 - Federal Tax Credit on Heat Pump Water Heater Projects
Requirements
Requirements for 25C Energy Efficiency Home Improvement Residential Tax Credits under the Inflation Reduction Act (IRA)
Eligible for 30% of costs, including labor, up to yearly maximum limit of $2,000 for heat pump water heater installs on existing home, and not for a newly constructed home. Save $600 - Rebate on Heat Pump Water Heater
Requirements
Only homes replacing an existing electric standard tank are eligible. 1 incentive per existing home.
Save $500 - $750 - Rebate on Heat Pump Water Heater
Requirements
PSE electric customers can save on qualifying electric heat pump water heaters either directly from a participating retailer or after purchase using the rebate form.
- $500 back on qualifying Tier 3 or Tier 4 heat pump water heats
Higher rebate levels are available through PSE’s Efficiency Boost program. See if you qualify based on your income:
- $700 back on Tier 3 heat pump water heaters
- $750 back on Tier 4 heat pump water heaters
Finance up to 30% Grant - loans on Heat Pump Water Heater, Heat Pumps, Ducted (central air, HVAC), Heat Pumps, Ductless (mini-split), Insulation and Ductwork, Smart Thermostat Projects
Requirements
Incentives for Rental Properties Serving Income-Qualified Tenants 30% of the total project costs will be covered by a grant that doesn't need to be repaid.
The remaining 70% of the project costs will be covered by a 0% interest, 7-year loan, which doesn't require a credit check.
The total household income for all tenants in a unit must not exceed 80% of the Area Median Income (see table below).Property should have electric heat as the main heating source. The TPU account must be in the tenant's name.
Save $500 per unit - Rebate on Heat Pump Water Heater
Requirements
Unlike other multi-family incentives, water heater replacements don’t require pre-approval by Tacoma Power nor installation by a Participating Contractor.
Instead, you or any contractor of your choice can buy and install any qualifying hybrid water heater.Save $500 - Rebate on Heat Pump Water Heater
Requirements
Replace a standard electric water heater with a hybrid version.
Acquire all relevant permits prior to installation.
Adhere to these water heater program specifications.
Ensure the water heater is on the BPA Qualified Products list.
Install the water heater according to the manufacturer's specifications Be a Tacoma Power customer.Save $700 - $1,100 - Rebate on Heat Pump Water Heater
Requirements
The incentives to install Heat Pump Water Heaters range from $700- $1,100 depending on the size of the unit installed.
Save $300 - $500 - Rebate on Heat Pump Water Heater
Requirements
To learn more: https://townofsteilacoom.org/DocumentCenter/View/1625/web-page_unitary-hpwh