Looking to replace your water heater? Replace it with an energy efficient Heat Pump Water Heater and start saving today.

The AO Smith 60-Gallon Hybrid Electric Heat Pump Water Heater is currently discounted for $999 through a local plumbing supplier, Ferguson, until the end of May. The regular price is $1,299 for the same water heater.

If you apply for Gulf Power’s water heater incentive of $700, that’s a total savings of $1,000.

Your water heater is one of the largest energy users in your home — second only to heating and air conditioning. But thanks to new technology, namely the heat pump water heater, water heating is becoming more and more affordable.

A high-efficiency heat pump water heater removes heat from the surrounding air and transfers it to the water in the tank, potentially saving more than $150 a year in water heating costs. It will even cool and dehumidify the surrounding area.

“This offer is a great opportunity to improve the energy efficiency of your home and spend less money on water heating at the same time,” said Jeff Rogers, Gulf Power Corporate Communications supervisor. “The rebate we’re offering almost pays for the entire cost of the heat pump water heater.”

For more information on Gulf Power’s EarthCents rebate offers, check out the EarthCents section of www.gulfpower.com or call 1-877-655-4001.

Gulf Power Company is an investor-owned electric utility with all of its common stock owned by Atlanta-based Southern Company. Gulf Power serves more than 430,000 customers in eight counties throughout Northwest Florida. The company’s mission is to safely deliver affordable, reliable and environmentally responsible electric service to our customers while working to improve the communities we serve. Visit online at GulfPower.com or on the company’s Facebook page, “Gulf Power Company.”