Solar & Battery Regulation & Incentive Programs

Aiken Electric Cooperative Inc - Residential Water Heater Rebate Program

Program Overview


Category:
Financial Incentive
Program Type:
Rebate Program
Implementing Sector:
Utility
State:
South Carolina
Eligible Storage Technologies:
Water Heaters
Website:
http://www.aikenco-op.org/water-heater/
Incentive Amount:
Free high efficiency water Heater; $200 installation fee
Water heater and timer with normal installation: $2.50 credit for 10 years
Timer only: $200 cash payment and $2.50 credit for 10 years
New construction contract home: $250
Applicable Sectors:
Residential
Utility:
Aiken Electric Coop Inc
Last Updated:
05/02/2019

Eligibility Criteria

EligibilitySectorsTechnologies
max % of cost100.0000
Residential
Water Heaters

Summary

Aiken Electric Cooperative offers residential members rebates for installing high-efficiency electric water heaters and/or timers in their homes. Customers have four rebate options: 

  1. A member may choose a free, new high-efficiency 50-gallon or 80-gallon electric water heater from AEC without a timer and pay a $200 installation fee. You can either pay the installation fee up front or take up to 36 months to pay by having a monthly payment amount added to your electric bill. A 9.9% interest rate will apply.
  2. A member may choose a free, new high-efficiency 50-gallon or 80-gallon electric water heater from AEC with a timer and receive free installation AND a $2.50 per month credit for 10 years.
  3. A member may choose to have a timer only installed on their existing electric water heater and receive a $200 cash payment from AEC and a $2.50 per month credit for 10 years.
  4. For building an all electric, energy-efficient, new construction contract home, the member/buyer will receive $250 cash.

For more information see web site.