Electric Hybrid Water Heater
If your water heater is more than 10 years old, now is the time to replace it
Most people don’t think about their water heater until it stops working, leaving no time to consider the best replacement option. Unplanned water heater replacements often come with high stress, expensive costs, and few options. Don’t find yourself in that situation! There’s a better way — upgrade now to an electric water heater.
Why you should upgrade your water heater to an electric hybrid version
Utility bill savings: Standard electric water heaters are the second largest energy user in your home. They use more energy than your refrigerator, dishwasher, clothes washer, and dryer combined. Replacing your electric water heater with an electric hybrid (heat pump water heater) can save you a lot of money and lower your utility bill — about $350 each year, which equals $3,500 over the life of the average water heater.
Energy efficiency: Electric hybrid water heaters are extremely energy efficient and use 60% less energy than standard electric versions. The energy savings you’ll receive means the electric hybrid water heater could pay for itself over the life of the appliance.
Easy to use: Setting up your water heater and adjusting it for maximum efficiency and performance is easy with an electric hybrid water heater. Using the touch of a button on the display panel, you can set the temperature you like or select from four operating modes, including vacation mode. The electronic controls and display also show you maintenance reminders and will alert you to any issues.
Peace of mind: Electric Hybrid water heaters are designed to last and come with a 10-year limited warranty (instead of the 6-year warranty that comes with standard electric water heaters).
Incentives we offer for electric hybrid water heaters
We offer two incentives to help you pay to upgrade your water heater. You can choose one of these:
- Details for a $500 rebate
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Whether you hire a contractor or purchase and install your own electric hybrid water heater, you can get a $500 rebate to reimburse you for part of your project costs.
In order to qualify for the rebate, you must:
- Replace a standard electric water heater with an electric hybrid water heater
- Acquire all relevant permits prior to installation
- Adhere to these water heater program specifications
- Water heater must qualify as a Tier 3 or Tier 4 model on the BPA Qualified Products List
- Install the water heater according to the manufacturer’s specifications
- Be a Tacoma Power customer
How to apply for a rebate:
You have two ways to request a rebate – online or by mailing in a paper application. Either way, you’ll need to include a copy of your receipt. Request your rebate here:
- 0% interest loan details
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If you want to hire a contractor to provide and install your new water heater, we can help you pay for that, too. We offer a 5-year 0% interest loan up to $6000 to help you purchase and install a new hybrid water heater.
In order to qualify for the loan, you must:
- Replace a standard electric water heater with an electric hybrid water heater
- Submit your project application to Tacoma Power for pre-approval
- Use a Tacoma Power Participating Contractor to purchase and install your hybrid water heater
- Own the home and land where the hybrid water heater is installed
- Have good utility payment history
- Not have a reverse mortgage
- Be a Tacoma Power customer
How to get started:
- Get bids for the purchase and installation of your new electric hybrid water heater from the Tacoma Power Participating Contractors list. Not only will Participating Contractors tell you the project cost, but they will also advise you on the best tank size and placement for your home and needs.PLEASE NOTE: Contractor prices can vary drastically for comparable equipment. Get at least 3 bids to help you make an informed decision.
- Once you’ve selected your Participating Contractor and electric hybrid water heater, you can work together to fill out your project application.
- Submit your application to Tacoma Power for pre-approval.
- Once your loan application is approved, your Participating Contractor will get to work installing your electric hybrid water heater upgrade.
- Deferred loan and rebate details
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If your household income doesn’t exceed the allowed maximums, you might qualify for a rebate of $4000 and a deferred loan of up to $2,000. You’ll pay nothing until you sell your home.
Requirements for a deferred loan:
- Replace a standard electric water heater with an electric hybrid water heater
- Submit your project application to Tacoma Power for pre-approval
- Use a Tacoma Power Participating Contractor to install your electric hybrid water heater
- Own the home and land where the electric hybrid water heater is installed
- Have good utility payment history
- Be a Tacoma Power customer
Use a participating contractor:
A Tacoma Power Participating Contractor must install the hybrid water heater. They are well-trained on all aspects of our program, and will ensure you meet these technical requirements necessary to qualify for rebate:
- The project must meet local building, electrical, and mechanical codes.
- Installation must follow the manufacturer’s specifications and be completed by a technician who is trained and certified on the brand and model of equipment installed.
See the full list of equipment and installation requirements your contractor is required to follow by looking at our program specifications for hybrid water heaters.
Not eligible for a deferred loan:
- Homes with a reverse mortgage
- Multi-family properties with 5 or more units
- New construction properties
- Do-it-yourself installations
- Properties that have previously received an incentive from Tacoma Power for a hybrid water heater
Required documents for a deferred loan:
To see if you qualify for a deferred loan, fill out this income-qualification application and submit it to Tacoma Power along with your income verification documents (or if you have zero income, fill out this form).
If you qualify, then you’ll need to work with your contractor to complete and submit these documents to Tacoma Power before getting started:
- An application for your project
- A bid created by your contractor
After your project is complete, your contractor will need to submit the following to Tacoma Power:
- An invoice that meets these requirements
- Photo verification of installed hybrid water heater
See the full list of requirements here.
How to get started:
- Get bids for the purchase and installation of your new electric hybrid water heater from the Tacoma Power Participating Contractors list. Not only will Participating Contractors tell you the project cost, but they will also advise you on the best tank size and placement for your home and needs.PLEASE NOTE: Contractor prices can vary drastically for comparable equipment. Get at least 3 bids to help you make an informed decision.
- Once you’ve selected your Participating Contractor and electric hybrid water heater, you can work together to fill out your project application.
- Submit your application to Tacoma Power for pre-approval.
- Once your loan application is approved, your Participating Contractor will get to work installing your electric hybrid water heater upgrade.
Some restrictions might apply. Program requirements and incentive amounts are subject to change without notice. Check with Tacoma Power for current information. Energy and heating savings are estimates only. Actual savings may vary. Tacoma Power does not make any representations, promises or warranties with respect to actual cost savings from any of the products. Tacoma Power does not endorse any particular contractor, manufacturer or product.