diff --git a/homeassistant/components/waterfurnace/icons.json b/homeassistant/components/waterfurnace/icons.json
new file mode 100644
index 000000000000..3d81d30103bd
--- /dev/null
+++ b/homeassistant/components/waterfurnace/icons.json
@@ -0,0 +1,15 @@
+{
+  "entity": {
+    "sensor": {
+      "actual_compressor_speed": {
+        "default": "mdi:speedometer"
+      },
+      "airflow_current_speed": {
+        "default": "mdi:fan"
+      },
+      "mode": {
+        "default": "mdi:gauge"
+      }
+    }
+  }
+}
diff --git a/homeassistant/components/waterfurnace/sensor.py b/homeassistant/components/waterfurnace/sensor.py
index 91a2968404e4..1c337a7531c5 100644
--- a/homeassistant/components/waterfurnace/sensor.py
+++ b/homeassistant/components/waterfurnace/sensor.py
@@ -18,89 +18,93 @@ from homeassistant.util import slugify
 from . import UPDATE_TOPIC, WaterFurnaceConfigEntry, WaterFurnaceData
 
 SENSORS = [
-    SensorEntityDescription(name="Furnace Mode", key="mode", icon="mdi:gauge"),
     SensorEntityDescription(
-        name="Total Power",
+        key="mode",
+        translation_key="mode",
+    ),
+    SensorEntityDescription(
         key="totalunitpower",
+        translation_key="total_unit_power",
         native_unit_of_measurement=UnitOfPower.WATT,
         device_class=SensorDeviceClass.POWER,
         state_class=SensorStateClass.MEASUREMENT,
     ),
     SensorEntityDescription(
-        name="Active Setpoint",
         key="tstatactivesetpoint",
+        translation_key="tstat_active_setpoint",
         native_unit_of_measurement=UnitOfTemperature.FAHRENHEIT,
         device_class=SensorDeviceClass.TEMPERATURE,
         state_class=SensorStateClass.MEASUREMENT,
     ),
     SensorEntityDescription(
-        name="Leaving Air",
         key="leavingairtemp",
+        translation_key="leaving_air_temp",
         native_unit_of_measurement=UnitOfTemperature.FAHRENHEIT,
         device_class=SensorDeviceClass.TEMPERATURE,
         state_class=SensorStateClass.MEASUREMENT,
     ),
     SensorEntityDescription(
-        name="Room Temp",
         key="tstatroomtemp",
+        translation_key="room_temp",
         native_unit_of_measurement=UnitOfTemperature.FAHRENHEIT,
         device_class=SensorDeviceClass.TEMPERATURE,
         state_class=SensorStateClass.MEASUREMENT,
     ),
     SensorEntityDescription(
-        name="Loop Temp",
         key="enteringwatertemp",
+        translation_key="entering_water_temp",
         native_unit_of_measurement=UnitOfTemperature.FAHRENHEIT,
         device_class=SensorDeviceClass.TEMPERATURE,
         state_class=SensorStateClass.MEASUREMENT,
     ),
     SensorEntityDescription(
-        name="Humidity Set Point",
         key="tstathumidsetpoint",
-        icon="mdi:water-percent",
+        translation_key="tstat_humid_setpoint",
         native_unit_of_measurement=PERCENTAGE,
+        device_class=SensorDeviceClass.HUMIDITY,
         state_class=SensorStateClass.MEASUREMENT,
     ),
     SensorEntityDescription(
-        name="Humidity",
         key="tstatrelativehumidity",
-        icon="mdi:water-percent",
         native_unit_of_measurement=PERCENTAGE,
+        device_class=SensorDeviceClass.HUMIDITY,
         state_class=SensorStateClass.MEASUREMENT,
     ),
     SensorEntityDescription(
-        name="Compressor Power",
         key="compressorpower",
+        translation_key="compressor_power",
         native_unit_of_measurement=UnitOfPower.WATT,
         device_class=SensorDeviceClass.POWER,
         state_class=SensorStateClass.MEASUREMENT,
     ),
     SensorEntityDescription(
-        name="Fan Power",
         key="fanpower",
+        translation_key="fan_power",
         native_unit_of_measurement=UnitOfPower.WATT,
         device_class=SensorDeviceClass.POWER,
         state_class=SensorStateClass.MEASUREMENT,
     ),
     SensorEntityDescription(
-        name="Aux Power",
         key="auxpower",
+        translation_key="aux_power",
         native_unit_of_measurement=UnitOfPower.WATT,
         device_class=SensorDeviceClass.POWER,
         state_class=SensorStateClass.MEASUREMENT,
     ),
     SensorEntityDescription(
-        name="Loop Pump Power",
         key="looppumppower",
+        translation_key="loop_pump_power",
         native_unit_of_measurement=UnitOfPower.WATT,
         device_class=SensorDeviceClass.POWER,
         state_class=SensorStateClass.MEASUREMENT,
     ),
     SensorEntityDescription(
-        name="Compressor Speed", key="actualcompressorspeed", icon="mdi:speedometer"
+        key="actualcompressorspeed",
+        translation_key="actual_compressor_speed",
     ),
     SensorEntityDescription(
-        name="Fan Speed", key="airflowcurrentspeed", icon="mdi:fan"
+        key="airflowcurrentspeed",
+        translation_key="airflow_current_speed",
     ),
 ]
 
@@ -124,6 +128,7 @@ class WaterFurnaceSensor(SensorEntity):
     """Implementing the Waterfurnace sensor."""
 
     _attr_should_poll = False
+    _attr_has_entity_name = True
 
     def __init__(
         self, client: WaterFurnaceData, description: SensorEntityDescription
diff --git a/homeassistant/components/waterfurnace/strings.json b/homeassistant/components/waterfurnace/strings.json
index db369879e25f..6a470a29c9a2 100644
--- a/homeassistant/components/waterfurnace/strings.json
+++ b/homeassistant/components/waterfurnace/strings.json
@@ -26,6 +26,49 @@
       }
     }
   },
+  "entity": {
+    "sensor": {
+      "actual_compressor_speed": {
+        "name": "Compressor speed"
+      },
+      "airflow_current_speed": {
+        "name": "Fan speed"
+      },
+      "aux_power": {
+        "name": "Aux power"
+      },
+      "compressor_power": {
+        "name": "Compressor power"
+      },
+      "entering_water_temp": {
+        "name": "Loop temperature"
+      },
+      "fan_power": {
+        "name": "Fan power"
+      },
+      "leaving_air_temp": {
+        "name": "Leaving air temperature"
+      },
+      "loop_pump_power": {
+        "name": "Loop pump power"
+      },
+      "mode": {
+        "name": "Furnace mode"
+      },
+      "room_temp": {
+        "name": "Room temperature"
+      },
+      "total_unit_power": {
+        "name": "Total power"
+      },
+      "tstat_active_setpoint": {
+        "name": "Active setpoint"
+      },
+      "tstat_humid_setpoint": {
+        "name": "Humidity setpoint"
+      }
+    }
+  },
   "issues": {
     "deprecated_yaml_import_issue_cannot_connect": {
       "description": "Configuring {integration_title} via YAML is deprecated and will be removed in a future release. While importing your configuration, we could not connect to {integration_title}. Please check your YAML configuration and restart Home Assistant, or remove the {domain} key from your configuration and configure the integration via the UI.",