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Hybrid Water Heater

Hybrid Water Heater 6If 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 a hybrid water heater.

Why you should upgrade your water heater to a 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 a hybrid version 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 water heater.

Energy efficiency: Hybrid water heaters are extremely energy efficient and use 60% less energy than standard electric versions. The energy savings you’ll receive means the hybrid water heater will pay for itself within a few years.

Easy to use: Setting up your water heater and adjusting it for maximum efficiency and performance is easy with a 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 shows you maintenance reminders and will alert you to any issues.

Peace of mind: 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 hybrid water heaters

We offer three incentives to help you pay to upgrade your water heater. You can choose one of these:

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Details for $500 off at local stores

We have a coupon for you to save $500 off the price of a hybrid water heater at The Home Depot or Lowe’s. Use this form to enter some basic info and your coupon will be emailed and texted to you.

Get your $500 off coupon here

Note: If you get a $500 store discount, you’re not eligible for a hybrid water heater loan or rebate.

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Details for a $500 rebate

Whether you hire a contractor or purchase and install your own hybrid water heater, you can get a rebate up to $500 to reimburse you for part of your project costs.

In order to qualify for the rebate, you must:
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:

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Details for a 0% interest loan

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 0% interest loan the help you purchase and install a new hybrid water heater.

We’ll also give you a $500 contractor discount be deducting a chunk of the project cost from your loan.

In order to qualify for the loan, you must:
  • Be replacing a standard electric water heater with a hybrid version
  • 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
  • Be a Tacoma Power customer
How to get started:
  1. Pick a Tacoma Power Participating Contractor (or a few) to give you some bids for the purchase and installation of your new hybrid water heater. 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.
  2. Once you’ve selected your Participating Contractor and hybrid water heater, you can work together to fill out your project application.
  3. Submit your application to Tacoma Power for pre-approval.
  4. Once your loan application is approved, your Participating Contractor will get to work with your hybrid water heater upgrade.
Find a Contractor

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.

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