Water heaters can guzzle energy a lot of energy, which not only boosts your bills, but also your carbon footprint. Fortunately, heat pump water heaters (HPWH) are a convenient alternative that can keep energy usage, and costs, low. However, if you are considering making the switch, you should act quickly.

Tax credits of up to $2,000 for those who switch to a heat pump water heater are coming to an end on December 31st. This means there's limited time left to take advantage of this saving and reduce the cost of switching to an HPWH.

Here's what you need to know.

How to claim your saving

The HPWH tax credit covers 30% of the installed cost of the unit up to $2,000, and was part of the Inflation Reduction Act. But due to new legislation which passed over the summer, this incentive is draw

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