--- title: Heat Pump Water Heater Financing | Alabama Power description: Explore affordable heat pump water heater financing with Alabama Power Smart Financing. Upgrade your home's energy efficiency today. --- [![SmartFinancing](https://getsmartfinancing.rhif.regions.com/hs-fs/hubfs/raw_assets/public/smart-financing/images/Smart-Financing_regions.png?width=250&name=Smart-Financing_regions.png)](https://getsmartfinancing.rhif.regions.com?hsLang=en) - [Homeowners](https://getsmartfinancing.rhif.regions.com/homeowners) Show submenu for Homeowners - [Find Service Providers](https://getsmartfinancing.rhif.regions.com/homeowners/find-service-providers) - [Dealers](https://getsmartfinancing.rhif.regions.com/dealers) - [Financing](https://getsmartfinancing.rhif.regions.com/get-financing) Show submenu for Financing - [Heating & Cooling](https://getsmartfinancing.rhif.regions.com/get-financing/hvac/) - [Home Energy Efficiency Financing](https://getsmartfinancing.rhif.regions.com/get-financing/home-energy-efficiency-financing/) - [Electrical](https://getsmartfinancing.rhif.regions.com/get-financing/electrical/) - [Home Generator](https://getsmartfinancing.rhif.regions.com/get-financing/home-generator/) - [Water Heating Financing](https://getsmartfinancing.rhif.regions.com/get-financing/water-heating-financing/) - [Air Quality](https://getsmartfinancing.rhif.regions.com/get-financing/air-quality/) - [Roof Financing](https://getsmartfinancing.rhif.regions.com/get-financing/roof-financing/) - [Contact Us](https://getsmartfinancing.rhif.regions.com/contact) - [Homeowners](https://getsmartfinancing.rhif.regions.com/homeowners) Show submenu for Homeowners - [Find Service Providers](https://getsmartfinancing.rhif.regions.com/homeowners/find-service-providers) - [Dealers](https://getsmartfinancing.rhif.regions.com/dealers) - [Financing](https://getsmartfinancing.rhif.regions.com/get-financing) Show submenu for Financing - [Heating & Cooling](https://getsmartfinancing.rhif.regions.com/get-financing/hvac/) - [Home Energy Efficiency Financing](https://getsmartfinancing.rhif.regions.com/get-financing/home-energy-efficiency-financing/) - [Electrical](https://getsmartfinancing.rhif.regions.com/get-financing/electrical/) - [Home Generator](https://getsmartfinancing.rhif.regions.com/get-financing/home-generator/) - [Water Heating Financing](https://getsmartfinancing.rhif.regions.com/get-financing/water-heating-financing/) - [Air Quality](https://getsmartfinancing.rhif.regions.com/get-financing/air-quality/) - [Roof Financing](https://getsmartfinancing.rhif.regions.com/get-financing/roof-financing/) - [Contact Us](https://getsmartfinancing.rhif.regions.com/contact) ### SMART FINANCING WITH ALABAMA POWER # Heat Pump Water Heater Heat pumps can warm your showers, power your dishwasher, and do so much more — all while helping you lower your energy bills. If you’re ready to upgrade your current system, a heat pump water heater is an energy-efficient option that’s easy on your wallet and great for your home. Whether your water heater is on its last leg or you’re just looking to modernize your home’s energy use, Alabama Power is here to help you make the switch. These systems work by pulling warmth from the air and transferring it to the water in your tank, offering a more efficient way to enjoy hot water throughout your home. Because they take advantage of existing heat and don’t rely solely on electricity to generate heat, heat pump water heaters use significantly less energy than traditional models, about a third less, resulting in lower utility bills. They are most efficient when installed in a location that comfortably remains between 40 and 90 degrees Fahrenheit throughout the year. ![Heat-Pump-Water-Heater-483x600\_Optimized](https://getsmartfinancing.rhif.regions.com/hs-fs/hubfs/SmartFinancing/assets/Heat-Pump-Water-Heater-483x600_Optimized.webp?width=483&height=550&name=Heat-Pump-Water-Heater-483x600_Optimized.webp) ## Heat Pump Water Heater Benefits ![home-energry-icons-06](https://getsmartfinancing.rhif.regions.com/hubfs/SmartFinancing/assets/home-energry-icons-06.svg) ### Energy Efficiency Uses heat from the surrounding air, making it up to 2-3 times more efficient than conventional electric models. ![Icon-LowerCost](https://getsmartfinancing.rhif.regions.com/hubfs/SmartFinancing/assets/Icon-LowerCost.svg) ### Lower Utility Bills Save money each month by using less energy to heat water. ![Icon-Environment](https://getsmartfinancing.rhif.regions.com/hubfs/SmartFinancing/assets/Icon-Environment.svg) ### Environmentally Friendly Reduces your home’s carbon footprint while maintaining a comfortable environment. ![electrical-icons-17](https://getsmartfinancing.rhif.regions.com/hubfs/SmartFinancing/assets/electrical-icons-17.svg) ### Reliable Performance Keeps up with household demands — from laundry and dishwashing to daily showers. ![Icon-Quiet](https://getsmartfinancing.rhif.regions.com/hubfs/SmartFinancing/assets/Icon-Quiet.svg) ### Quiet Operation Built to be efficient without disrupting your daily routine. ![Icon-Savings](https://getsmartfinancing.rhif.regions.com/hubfs/SmartFinancing/assets/Icon-Savings.svg) ### Long-Term Savings Eligible for potential rebates and lower maintenance costs over time. ## Smart Financing Makes It Simple --- - Your service provider will be able to assist you in completing the application. - If approved, you will be presented with your rate options. - Your service provider will complete the project, and you can relax. - All loan documents can be signed electronically, and copies will be emailed to you for your records. We understand that replacing or upgrading your water heater can be a significant decision. That’s why Alabama Power Smart Financing is designed to make it as easy and affordable as possible. Our trusted local partners handle the installation, and once approved, your financing rate and term options are outlined with no hidden fees. ![ac-gas-furnace-600x650\_Optimized](https://getsmartfinancing.rhif.regions.com/hs-fs/hubfs/SmartFinancing/assets/ac-gas-furnace-600x650_Optimized.webp?width=600&height=650&name=ac-gas-furnace-600x650_Optimized.webp) ## Frequently Asked Questions What is a heat pump water heater, and how does it work? A heat pump water heater uses electricity to move heat from the air into the water tank, rather than generating heat directly. This makes it a more efficient way to heat water for your home, especially in warm climates like Alabama. Can I get financing for a heat pump water heater upgrade? Yes! Through Alabama Power’s Smart Financing, you can apply for financing to upgrade to a heat pump water heater with no upfront payment. Upon credit approval, your monthly payments are set, and a trusted contractor handles installation. Will my energy bills go down? In most cases, yes. Heat pump water heaters are significantly more energy-efficient than standard electric models, resulting in lower monthly utility bills. Do I need to be an Alabama Power customer to qualify? No! While current Alabama Power customers will see charges added to their monthly bill, any Alabama resident can apply and pay online or by mail. ## Finance Your Heat Pump Water Heater You don’t need to worry about upfront costs; our Smart Financing program allows you to enjoy all the benefits of a heat pump water heater now and pay over time. With affordable fixed monthly payments, no upfront payment required, and financing options available even for those with less-than-perfect credit, upgrading your water heater is easier than ever. A trusted local contractor completes installation, and your monthly payments will be conveniently added to your existing Alabama Power bill (if you’re a customer). Not a customer? No problem! residents of Alabama can still take advantage of these flexible financing options. We will send you a bill to conveniently pay online, by phone, or by mail. ![Smart Financing Powered by Regions](https://getsmartfinancing.rhif.regions.com/hs-fs/hubfs/raw_assets/public/smart-financing/images/SmartFinancingRegionsLight.png?width=300&name=SmartFinancingRegionsLight.png "Smart Financing Powered by Regions") ![Smart Financing Powered by Regions](https://getsmartfinancing.rhif.regions.com/hs-fs/hubfs/raw_assets/public/smart-financing/images/smart-financing-logo-b-2x.png?width=300&name=smart-financing-logo-b-2x.png "Smart Financing Powered by Regions") #### Contact Us - [G2APCSFSUPPORT@southernco.com](mailto:G2ORT@southernco.com) #### Location - [600 North 18th Street Birmingham, Alabama 35203](https://goo.gl/maps/eX1kMpF5aR2Azmm38) [*Participating Dealer Agreement for Owners*](https://getsmartfinancing.rhif.regions.com/hubfs/SmartFinancing/assets/Participating-Dealer-Agreement.pdf?hsLang=en) © Copyright | Alabama Power | All Rights Reserved | [Privacy Policy](https://getsmartfinancing.rhif.regions.com/privacy-policy/?hsLang=en) [Back To Top](https://getsmartfinancing.rhif.regions.com/get-financing/water-heating-financing/heat-pump-water-heater/#main-content) ```json { "@context" : "https://schema.org", "@type" : "Product", "brand" : { "@type" : "Organization", "name" : "Regions Home Improvement Financing", "url" : "https://www.regions.com/small-business/contractor-financing" }, "description" : "Explore affordable heat pump water heater financing with Alabama Power Smart Financing. Upgrade your home's energy efficiency today.", "name" : "Heat Pump Water Heater Financing | Alabama Power" } ```