SRP Heat Pump Rebate
In Arizona, you can receive up to $500 through the SRP heat pump rebate for a heat pump water heater.
See what your address gets in Arizona
When JavaScript is disabled, use the rebate table.
Who sends your electric bill?
What are you putting in?
- Heat pump water heater
- $500
- The Federal 25C tax credit
- Ended Heat pumps installed after 31 December 2025 receive No credit.
For current rules and to apply, use the official pages: SRP Cool Cash Rebate covering heat pump and mini-split systems and central AC; heat pump water heater rebate from SRP;
SRP Heat Pump Rebate Amounts
Grouped by system and income, these SRP rebates give you money toward the cost of a heat pump, or toward a heat pump water heater.
| What you install | Rebate | Who | Conditions | Program |
|---|---|---|---|---|
| Best: Variable-capacity heat pump | $225 per ton | Any income | 15.2 SEER2 or higher; Multi-stage $150/ton, Single-stage $75/ton | The SRP Cool Cash Rebate covers central AC, heat pump and mini-split |
| Best: Inverter-driven mini split | $225 per ton | Any income | 15.2 SEER2 or greater; ducted or ductless; payment is per ton or half-ton | The SRP Cool Cash Rebate covers central AC, heat pump and mini-split |
| ENERGY STAR heat pump water heater | $500 | Any income | UEF 2.8 or better; an Arizona-licensed plumbing contractor must install it before April 30, 2027; the home must have been on SRP service for over one year | SRP heat pump water heater rebate |
Claiming SRP Heat Pump Rebates
- The SRP Cool Cash Rebate covers central AC, heat pump and mini-split systems. Send your application to SRP's Rebate Center online or by email within 6 months after installation. A customer can qualify for as many as five cooling system rebates. A qualified contractor must sign the SRP Contractor Terms and Conditions agreement.
- Apply in SRP's Rebate Center for the heat pump water heater rebate from SRP, within 6 months of installation. Claims are allowed once every 10 years. The contractor is licensed in Arizona to install residential plumbing.
Ask installers for quotes with this rebate included
Most rebates on this page are paid through the installer or need the installer's paperwork, so the quote is where the money is settled. Tell us the ZIP code and what you want installed, and installers who work with these programs send a written price with the rebates taken off.
Pages on related topics
Heat Pump Rebates by Utility
For each electric company we cover, we list the biggest heat pump rebate it pays.
Consumers Energy Heat Pump RebateThe amount Consumers Energy pays Michigan customers, plus how to claim it.
Pepco Heat Pump RebateThe amount Pepco pays Maryland customers, plus how to claim it.
Dominion Energy Heat Pump RebateThe amount Dominion Energy pays customers in North Carolina, South Carolina and Virginia, and how to claim it.
Every heat pump rebate in Arizona
In Arizona, other utility and state programs are shown side by side.