Need a new water heater? Collect $3,750 in incentives before they disappear

Photo credit: Cala Systems

This new smart heat pump uses predictive technology to heat water more efficiently. This means savings on your electricity bills and makes your home less dependent on dirty energy.

Switching to a heat pump water heater can save you money in two ways. The first reason is lower monthly electricity bills because heat pumps are more energy efficient than traditional natural gas-powered water heaters. This reduction in utility bills can add up to thousands of dollars over the life of the heat pump.

Additionally, you can save money through tax credits and refunds thanks to the Inflation Reduction Act. By switching, you can receive a 30% annual tax credit and may be eligible for refunds of up to $1,750 under the IRA-funded Home Electrification and Appliances Rebate program.

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An example of potential savings: An average family of four in the Northeast can save up to $6,000 in lifetime savings by switching from a propane-powered water heater to an electric heat pump water heater.

It is important to get the most out of these benefits as IRA benefits may not be available for much longer due to President-elect Trump's stated intentions.

These innovative heat pump water heaters from Cala take traditional heat pumps to the next level by adding forward-thinking technology. The heat pump uses local weather data and heats the water prematurely if there is a threat of storms if the power goes out. Another way predictive technology works is to detect patterns of when water is heated in a home and then slowly heat the water before energy is cheapest.

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β€œWhen it comes time to replace your water heater, simply purchasing a heat pump water heater is the best thing for your wallet and the best thing for the planet,” Cala CEO Michael Rigney told The Cool Down.

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