New Heat Pump Water Heaters Tax Credit: US Government covering 30 % of the Total Cost

The most recent grant package, which the EPA and the Biden administration have confirmed is for residential energy efficiency. The new Heat Pump Water Heaters Tax Credit, for instance, is eligible for reimbursement of up to 30% of the total cost. Recent legislation by the U.S. government establishes a 30% tax credit (up to $1000) in support of the installation of an ENERGY STAR-certified heat pump water heater in a residential setting. This offers homeowners an excellent financial incentive to convert to this energy-efficient appliance.