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Water Heater Rebates

Water Heater Rebate Details

Upfront rebates can help you save on the cost of more efficient water heating equipment. Plus, save over time by using less energy with your new water heater.

Electric Heat Pump Water Heaters

 

Benefits

§  Annual energy savings of up to 65%

§  Expected Energy Savings Over Average Equipment Lifetime: Up to $900 over 12 years

§  Major Advantages: More efficient electric fuel option

§  $400 rebate

 

Eligibility

 

To qualify for a rebate on an electric heat pump water heater, you must:

§  Be a residential electric, gas or combo customer of Xcel South Dakota

§  Projects invoiced in 2024 where the customer is replacing a natural gas furnace can qualify

§  Projects invoiced in 2023 where the customer is replacing a natural gas furnace do NOT qualify

Review qualifying equipment requirements before purchase.

 

Qualifying Equipment & Installation

 

§    Residential equipment listed on the Air-Conditioning, Heating, and Refrigeration Institute (AHRI) or ENERGY STAR that meet minimum Uniform Energy Factor rating

§     Your heat pump water heater must be installed by a registered contractor. Visit Xcel Energy's customer-facing to find contractors who have submitted these rebates in the past

§ Natural gas water heaters, indirect units and commercial water heaters are not eligible. Electric water heaters with a rated storage volume of 80 gallons or more are not eligible

   § Water heater may be installed in a new or existing home

 

Additional Information

Water Heaters | Residential Services | Xcel Energy