Washing hands in warm water

Heat Pump Water Heater

A more efficient way to heat your water.

Heat pump water heaters use electricity to move heat from one place to another instead of generating their own heat like a traditional electric water heater. Because of this, they can be up to 4 times energy efficient than conventional electric resistance water heater, according to the Department of Energy (DOE). To move the heat, heat pumps work like a refrigerator in reverse.

  • A refrigerator pulls heat from inside the box and transfers into whatever room it is in.
  • An electric heat pump water heater pulls heat from the room and transfers it into the tank at a higher temperature to heat the water.

Choose 1 of 3 ways to claim your rebate for your ENERGY STAR® certified Heat Pump Water Heater purchase and installation.

1. Instant Rebate at Participating Retailers (In-Store Only)

  • Click here or text “NHSAVES750” to 1-833-950-1404 to validate your eligibility and receive a bar code from a participating retailer
  • Present the bar code at the register and an instant rebate of $750 will be applied to the purchase price. Available at the following NH retailers:
    • Home Depot
    • Lowe’s

NOTE: Instant discount barcode can be used for in-store items only. You may also purchase a qualifying heat pump water heater at full price and apply for a post-purchase rebate. 

2. Work with an Installer

  • When your installer purchases a qualifying unit at a participating distributor an instant discount of$750 will be automatically applied to the cost of the equipment and these cost savings will be applied directly to your installation invoice.

3. Apply Post Purchase

  • If you purchased your equipment online or through a non participating retailer or distributor and your equipment did not already have a rebate applied at the time of purchase you are able to apply via a mail in form or our online portal. For questions on applied rebates, please speak with your installation contractor.

Mail-in Form   Online Form  


Rebate Details

  • $750 up to 80 gallons
  • Integrated HPWHs must meet ≥ 3.30 Uniform Energy Factor (UEF) or ≥ 2.20 UEF for 120 Volt/15 amp circuit.
  • Split-system HPWH models must meet ≥ 2.20 UEF.
  • Under no circumstances will the total incentive for a single heat pump water heater exceed the offered rebate amount of $750.  If the heat pump water heater already received a $750 instant discount at a participating equipment distributor through a licensed installation contractor or at a retailer indicated above, the Post Purchase rebate is not eligible for redemption.
  • You may purchase a heat pump water heater directly from Home Depot or Lowe’s to receive a $750 instant rebate. For more information on instant rebates through participating retailers call 800-232-0672 or email ask@efi.org.
  • Your contractor can receive a $750 instant discount on eligible models through participating distributors listed here. (Include list when available). For more information about program details and the rebates offered on qualified equipment through participating distributors call 1-617-440-5468or email heat-ne@energy-solutions.com

Eligibility Requirements

  • Must be ENERGY STAR® Certified
  • Must meet the minimum efficiency rating
  • Must be a residential electric customer of a participating New Hampshire utility
  • Purchase must be made between January 1, 2023 and December 31, 2023 Rebate is a limited time offer while funds are available and may be subject to change at any time
  • Rebate must be postmarked no later than January 31, 2024
  • To find ENERGY STAR® certified Heat Pump Water Heater units talk to a licensed contractor or visit the ENERGY STAR website for a list of local installers at www.energystar.gov/productfinder/water-heater-installers/
  • Equipment must not already be receiving heat pump water heater incentives through another program.