Hybrid Water Heaters Save up to $700 on a Hybrid Water Heater Apply for a Rebate Get up to a $700 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. How to Get Your Rebate Shop at any Maryland retailer and apply for your rebate online or through the mail. Track its status online, too. Ask your contractor or plumber about purchasing your unit from a participating distributor. In addition to your $700 rebate on qualifying ENERGY STAR certified electric 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 Difference Compared to standard electric water heaters, ENERGY STAR certified electric hybrid water heaters can save a four-person household about $470 a year on energy costs. Although these models cost more upfront, you’ll continue to save over the life of the appliance.* Find qualifying models. Is a hybrid water heater right for me? *Delmarva Power 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. **Source: energystar.gov Overview How to Participate