A. O. Smith announced the launch of its Commercial Heat Pump Water Heater (CHP-120) for light commercial applications such as restaurants, schools, retail buildings or any facility which would traditionally use a standard commercial electric water heater. The Commercial Heat Pump Water Heater has the highest efficiency and 50% more storage capacity than any other commercial integrated heat pump water heater on the market, the company says. Built with contractors and facility managers in mind, the integrated design and front mounted components allow for an easy install and maintenance, A. O. Smith notes.

Thanks to an industry-leading 4.2 Coefficient of Performance, the high-efficiency heat pump can save up to $3,500 in annual energy costs as compared to a standard electric commercial water heater, the company says. The CHP-120 is Energy Star qualified, making it eligible for many local utility rebates.