These costs typically include:
- The purchase price of the heat pump water heater (electric or natural gas) that meets the IRS and Department of Energy efficiency requirements.
- Labor costs for onsite preparation, assembly, or installation. For example, the work done to connect the unit to your home's water and energy systems.
- Necessary piping, wiring, and related materials used in the installation.
To qualify, the heat pump water heater must be:
- Installed in your principal residence in the United States.
- Produced by a manufacturer that is qualified and listed with the IRS.
- Meet specific energy efficiency standards (for example, Energy Star certified).
What if I received a subsidy?