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What’s All The Rave About Heat Pump Water Heaters?
Heat pump water heaters are taking the Denver Metro by storm. They replace your natural gas and electric water heaters alike, saving lots of energy on either one. There are incredible rebates available right now as well that often help you with half the cost or more. Here are a few more key features of HPWH’s:
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The Rebates Really Add Up
While it varies a little bit by city and where your home is, here is a list of current rebates available around the Denver Metro area for heat pump water heaters. And here’s even better new: These rebates stack on each other:
- Xcel Energy: $2,250 until funds run out through their Clean Heat Plan.
- If you’re in the City of Denver: The Denver CAREes program offers $500 for a Smart Heat Pump Hot Water Heater. The rebate must not exceed 60% of the total install cost.
- If you’re in the City of Boulder: The City offers $750 for a HPWH if you’re replacing a natural gas tank unit, and $250 if you’re replacing an electric resistance water heater.
- If you’re in the County of Boulder: The County offers $200 if you’re replacing a natural gas tank water heater, and $100 if you’re replacing an electric resistance water heater. If you’re around Boulder, but not in the City of Boulder itself, you’ll get this one. If you’re in both the City and County of Boulder, you’ll get both!
- If you’re in the City of Louisville: The City offers $500 for a HPWH if you’re replacing a natural gas tank unit, and $250 if you’re replacing an electric resistance water heater.
- If you’re in the Town of Superior: The Town offers $500 for a HPWH if you’re replacing a natural gas tank unit, and $250 if you’re replacing an electric resistance water heater.
How Much Do You Save?
If you have a natural gas water heater: You’ll save about half on your energy spent for water heater, or perhaps a little more.
If you have a electric resistance water heater: You’ll save about 70-75% on your energy spent for water heater, or perhaps a little more.
Things to know about Heat pump water heaters
a few Installation Requirements
While the new and highly efficient heat pump water heaters install largely the same as your existing tank unit, there are a few things to check on before any small surprises:
Proudly Offering RENU Financing
Need to finance your new heat pump? No problem! We proudly offer Colorado Clean Energy Fund’s RENU financing as an authorized heat pump contractor.
Much better than traditional equipment financing, you’re able to get lower rates, up to a 15-year loan term, no prepayment penalties, low startup fees, and much more.
Check out our in-depth article here on how to apply for this great program.
BPI Certified Energy Audit Services
Did you know that to properly design and spec a heat pump, we need to see how leaky or air-tight you home is? This is really the best way to size your new equipment.
In addition, a full home energy audit goes hand-in-hand to make your new heat pump operate more efficiently, last longer, and is the best way to keep your bills down.
We are BPI Certified energy auditors in addition to offering heat pumps, and are one of Xcel Energy’s approved contractors under their Whole Home Efficiency Program as well, which can grant eligibility for a 25% rebate bonus.
Contact Us here to schedule an energy audit with us, or to inquire about our energy auditing and blower door testing so you can start your energy efficiency journey.
Check out our Energy Audit Preparation page as well to see what is needed before our visit, and so you can read about what’s included.
make your heat pump happy with an energy audit
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What our clients say about us
We’re doing HVAC differently, and our customers benefit.
“Recently, I had the privilege of engaging Xerxes for residential HVAC consultation, and the experience was nothing short of exceptional. Not only did he showcase his deep expertise in assessing our home’s unique needs, but Xerxes also exhibited remarkable thoughtfulness in highlighting potential savings and available tax credits. His commitment didn’t just stop at providing the best HVAC solution; he went the extra mile to ensure that we benefited financially in the long run. It was evident that Xerxes cared deeply about offering value beyond just system efficiency. With his guidance, our home is not only a haven of comfort but also a testament to wise investment and sustainability. For anyone considering a residential HVAC overhaul, Xerxes is the name to trust. He brings the perfect blend of technical know-how and financial foresight to the table. Highly recommended!.”
Erica W.
Westchester, PA
