When the time comes to replace your current water heater, the federal government is advocating that it be with a heat pump water heater, and they provide excellent incentives to do so in the form of rebates:
30% of the cost if you are a high-income family
Up to 50% of the cost if you are a moderate-income family
The entire cost if you are a low-income family
Not only that, you will save hundreds of dollars a year in energy costs and help the country transition to clean renewable energy. To sweeten the deal, PECO will throw in an additional $350 if it is an EnergyStar product, which most of them are. Win-win, right?
Read all about the federal rebates for heat pump water heaters and lots of other ways to save money in the Bonus Rebates from PECO section of the West Chester Area Council of Governments website here.