When installing a new heat pump system, it’s prudent to know what kind of heat pump incentives are available to you as a homeowner.
The team at ARS/Rescue Rooter, your preferred home comfort professionals, will be happy to advise you. To get started, know that the 2022 Inflation Reduction Act provides homeowners with incentives when they upgrade their HVAC systems.
Here is an overview of tax incentives and rebates for purchasing new heat pumps and how ARS/Rescue Rooter can help you navigate Inflation Reduction Act incentives and maximize your savings starting 1/1/2023.
Purchasing a new heat pump water heater could make you eligible to receive as much as $1,750 in rebates. If you install a heat pump to heat and cool your dwelling, you could be eligible for an $8,000 rebate.
The size of the rebate will depend on your household income. If you earn less than 80% of the median household income in your area, you are eligible for 100% of the rebate. If your household income is between 80% to 150% of the median income in your area, you would be eligible for 50% of the rebate.
The rebates are administered at the state level. Contact us for more information on what’s available in your location.
You could be eligible for a tax credit of up to 30% of the cost of specific energy-efficient home improvements, including the cost of installation, up to $2,000. Eligible equipment includes specific heat pumps, heat pump water heaters, boilers, electrical panels, and insulation.
Call the experts at ARS/Rescue Rooter to learn more about which heat pump models meet the standards for tax credits.
Benefits of Installing a New Heat Pump
If you’re more familiar with using a traditional furnace to keep your home warm and cozy, instead of running a heat pump, these are the main benefits of installing heat pumps to keep in mind:
Heat pumps cost less to use and maintain because they have fewer parts to wear out than a conventional heating and cooling system.
Heat pumps are also a great way to save money on your energy bill. Heat pumps cost less than traditional heating and cooling methods and can save you up to 50% on your energy costs. Heat pumps are also more environmentally friendly than other heating and cooling options, making them an excellent choice for those who want to be more eco-conscious.
ARS/Rescue Rooter’s HVAC technicians can install a heat pump more easily than a standard setup that relies on a separate air conditioner and furnace.
With a heat pump, it’s a snap to switch between heating and cooling modes. One system handles both functions.
Because heat pumps move heat from one location to another, such as outside during summer and inside in winter, they are much more efficient than systems that have to produce heat and cooling.
ARS/Rescue Rooter Is Your Go-to Source for Heat Pump Installation and Repairs
We’re proud of our reputation in the industry for our high standards of quality, attention to detail, and expertise in installing and repairing heat pumps.
At ARS/Rescue Rooter, we hire only highly trained heat pump professionals. For your peace of mind, we drug-test and background-check all employees. Out of respect for your schedule, we will always call before arrival. At your home, we put down drop cloths and wear shoe covers to keep everything neat and clean.
You’ll be glad to know that our Exceptional Service Guarantee ensures that we will not be satisfied with the job until you are completely happy with the work.
To learn more about our approach to heat pumps or to book an appointment for service, contact ARS/Rescue Rooter today.