Duke Energy Indiana customers, Indiana · Rebate
Smart $aver Heat Pump Water Heater Rebate (Duke Energy Indiana)
Run by Duke Energy Indiana
Duke Energy Indiana electric customers get a $350 rebate for an ENERGY STAR certified heat pump (hybrid) water heater with a UEF of at least 3.3.
Amounts
How much you get
A flat $350 rebate per qualifying heat pump water heater, paid on a card or digital Mastercard.
Eligibility
Do I qualify?
You need to meet all 4 of these.
Duke Energy residential electric service customer.
Single-family or multi-family homes, condominiums, mobile homes on permanent foundations, townhomes and duplexes.
Heat pump (hybrid) water heater that is ENERGY STAR certified with a UEF of at least 3.3. Standard electric, standard gas and tankless water heaters don't qualify.
What to doChoose an ENERGY STAR certified heat pump water heater with a UEF of 3.3 or higher. See what equipment counts
Installed by a participating Smart $aver contractor, and installed and operable before the application is submitted.
What to doPick a participating contractor through Find It Duke. Get a quote from a contractor
Equipment
What equipment counts
The program sets these minimums for water heaters.
- Heat pump water heaters
ENERGY STAR certified, UEF of at least 3.3.
Applying
How to apply
Your contractor applies for you. Contractor submits within 60 days of installation.
- Choose a participating contractor.
Use Duke's Find It Duke to connect with a participating Smart $aver contractor.
- Have the heat pump water heater installed.
It must be installed and operable before the application is submitted.
- Contractor submits the rebate application within 60 days of installation.
- Receive your rebate.
Choose a card in the mail or a digital Mastercard for your virtual wallet.
Stacking
Use it with
Your address
Next steps
Check that it covers your address. Then, if you want, ask for a contractor quote.
Is it available at your address?
Before anything else
Your quote request is in If a contractor we work with serves your ZIP, they can contact you. We take one request per person; contact us to change it.
Get an email if this program changes
We'll write if its amount, status or deadline changes. Nothing else.
FAQ
Questions
How much does Smart $aver Heat Pump Water Heater Rebate (Duke Energy Indiana) pay?
$350 back.
Do I need to be a Duke Energy Indiana customer?
Yes. It’s only for homes in Duke Energy Indiana customers, Indiana. See Do I qualify for the details.
Do I have to use a contractor?
Yes. Installed by a participating Smart $aver contractor, and installed and operable before the application is submitted.
What’s the deadline?
No fixed deadline. Apply any time while it’s open.
Is it still available?
Yes. It was open when we last checked, on October 28, 2026.
Plain words
Words used on this page
- UEF
- A water heater’s efficiency rating. Higher is better.
References
Sources
This page is built from these official pages, run by the program itself.
When one of these pages changes, we re-check this page against it.
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