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Make an early resolution to save money and energy

Posted: Dec 09, 2015

Make an early resolution to save money and energy

The Oregon Department of Energy recently announced RETC amendments that will affect the savings offered on energy-efficient heat pump water heaters. To take full advantage of current state tax credit savings, encourage your customers to purchase a reliable and energy-saving heat pump water heater before January 1, 2016.

Save Now and Save Every Month

When combined with potential utility incentives, the current RETC offers a great way to spend less on efficient water-heating technology helping you save on electric costs each month.

RETC Amendment Details

Starting January 1, 2016, Oregon RETC incentive amounts for heat pump water heaters will decrease to up to $600 for Tier 2 and greater models and up to $300 for Tier 1. The Tier 2 incentive amount of $985 and Tier 1 incentive of $585 are available for units purchased by December 31, 2015, and installed by March 31, 2016. To determine your eligibility, please consult a tax professional.

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What are Tiers?

Energy efficiency levels and features of heat pump water heaters vary by product tier. Higher tier products have greater efficiency and the more advanced product features.

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The higher the energy factor, the more efficient the water heater.