Save $750 on a Hybrid Water HeaterApply for a RebateGet a $750 rebate when you purchase an ENERGY STAR® certified electric hybrid water heater, also known as a hybrid heat pump water heater or electric heat pump water heater.Get Your Rebate, Choose Your WayBuy an ENERGY STAR certified hybrid water heater and apply for your rebate online. Track its status online too.ORPrint a hybrid water heater rebate form to complete and mail to us.In addition to your $750 rebate on qualifying ENERGY STAR electric certified hybrid water heaters (also commonly referred to as heat pump water heaters), you may also be eligible for an additional 30% of the cost (up to $2,000) with Inflation Reduction Act federal tax credits.** Click here to learn more.The ENERGY STAR DifferenceCompared to standard electric water heaters, ENERGY STAR certified electric hybrid water heaters can save a four-person household about $425 a year and over $3,500 over the life of the equipment.* Although these models cost more up front, the energy savings often pay back the difference in two years, and you’ll continue to save over the life of the appliance. Find qualifying models.Is a hybrid water heater right for me? *Source: energystar.gov**Atlantic City Electric is not a qualified tax consultant. This information is not intended as personal tax advice. Please contact a tax professional or CPA to confirm details specific to your qualifications and eligibility or visit www.irs.gov to learn more.