Water heating is the second-largest energy expense in most households, accounting for around 18% of the power bill. That means the type of water heater and how you use it is very important. Water heaters and heat pump water heaters have come a long way in efficiency standards. New energy-efficient storage water heaters contain high levels of insulation around the tank to reduce standby heat loss, and heat pump water heaters, like your heat pump HVAC unit, utilize the air around them to heat your water. Both can save you up to $550 a year.
We understand cost is always a factor when upgrading your equipment so South Central Indiana REMC would like to help you with that by providing a small incentive. Simply fill out the application in its entirety and send it in with your invoice noting manufacturer/brand, model #, and cost of your new water heater and proof of your water heater’s UEF rating.
We also suggest checking out Indiana’s Residential and Homeowner Incentives webpage for more information on tax credits and their upcoming energy efficiency incentive programs.
MINIMUM EFFICIENCY REQUIREMENTS
Rebate for a new constructed or replacing an existing water heater with a new heat pump or wi-fi enabled electric storage water heater.
- Must be installed in a home served by SCI REMC
- Minimum UEF rating ≥ 0.90
- Must submit signed application with itemized invoice/receipt and proof of UEF rating.
- For electric water heaters: wi-fi unit must be built into the water heater when purchased and not a stand-alone equipment piece.
Limit of 2 water heater rebates per member household per life of the rebated equipment (13 years).
To receive a rebate, all homeowners MUST provide a completed rebate application, proof of purchase/invoice, and photos before and after installation.
The application must be received by South Central Indiana REMC by December 15, 2024, installed in 2024 and within 90 days of the installation to qualify for the 2024 Rebate Program.
Apply for this rebate!