The latest newsletter from the Advanced Water Heating Initiative (AWHI) features information on the new 120V heat pump water heater technology, upcoming meetings, working group progress, the date for the upcoming Heat Pump Water Heater Day, resources, and more.
Inflation Reduction Act offers credit for HPWH purchases
The Inflation Reduction Act of 2022 (IRA) includes $369 billion for “Energy Security and Climate Change,” the single largest climate investment in American history. The IRA aims to reduce U.S. carbon pollution 40% below 2005 levels by 2030. It includes tax credits for heat pump water heaters and many other electrification technologies. Households can deduct 30% of the costs for buying and installing a heat pump water heater or heat pump for their space heating and cooling from their taxes, up to $2,000. Learn more at the upcoming All-Stakeholders Meeting (see below about this meeting) or in “The Electric Explainer: Key programs in the Inflation Reduction Act and what they mean for Americans” by Rewiring America.
Finally, a heat-pump water heater that plugs into a standard outlet
Published by Canary Media: Last month Rheem’s ProTerra 120-volt heat pump water heater was launched, and it’s expected to be followed by other manufacturers over the coming year. An efficient electric water heater that can plug into a standard wall socket is a major advance in getting U.S. households off fossil fuels. It’s also an example of what climate activists, policymakers and big businesses can accomplish when they work together. The Advanced Water Heating Initiative is taking this collaborative approach.
“There are about 118 million residential water heaters nationwide, and more than 50 percent of them are using fossil fuel for heating water,” said Amruta Khanolkar, senior project manager. About 7 million water heaters are replaced every year in the country, and those customers “need a solution to easily plug in.” 8/29/2022 Read the article.Read More