“SIMON: Kevin Kircher is a professor of engineering at Purdue University. He says you can think of a heat pump as an air conditioner that can also work backwards, using electricity to move heat into your home. Now, there’s a new incentive for Americans to get heat pumps from last year’s federal climate legislation. An IRS spokesperson told NPR that there are now credits that can translate to up to $2,000 for heat pumps. Kevin Hanley, coordinator at a heat pump installer in Lincoln, Neb., says the new rebates are now cutting the payback time.
KEVIN HANLEY: The rebates are such that it makes a heat pump really worth considering for all homeowners.
SIMON: The Biden administration and governments around the world see heat pumps as a key climate solution. They can replace gas furnaces in homes, and they run on electricity that’s increasingly powered by renewables. Yannick Monschauer of the International Energy Agency in Paris says if governments like the U.S. and the EU meet their national climate and energy targets…”
Read the full article here.
In 2022 heat pumps outsold gas furnaces in the U.S. Their efficiency and eco-friendly technology is what likely put them over the top. While they are more expensive to purchase, heat pumps make up for this initial cost in annual savings. Combine that with a rebate of up to $2,000 and you can understand why they’ve become so popular.
Temperature Control Specialties offers heat pumps from industry-leader Trane in several different models. Call us at (317) 247-7663 if you’re interested in getting one installed in your home.