The government is giving away up to $10,000 for this money-saving HVAC tech — here's how you can qualify
Get ready for a home upgrade that'll make your wallet and the planet smile.
Heat pumps are the latest buzz in the HVAC world, and for good reason. These versatile machines can both heat and cool your home, all while slashing your energy bills.
But the real kicker is that the government wants to help you get one.
Thanks to the Inflation Reduction Act, American homeowners can now score up to $10,000 in incentives to swap out their old heating and cooling systems for a shiny new heat pump. In other words, Uncle Sam wants to give you green for going green.
Unlike traditional HVAC systems that generate heat, heat pumps simply move it around. They use a special refrigerant to transfer heat from outside to inside (or vice versa), making them highly efficient. In fact, heat pumps can provide more heat energy than the amount of energy they use to operate.
This efficiency translates to major savings on your energy bills. Plus, you only need one system for both heating and cooling, which means less equipment to maintain. It's a mutual victory for your comfort and your bank account.
Watch now: Grocery store executive reveals simple ways the chain slashes its operating costs
A heat pump typically costs between $4,000 and $8,000 to install. But don't let that price tag scare you. The Inflation Reduction Act offers up to $2,000 in tax credits for heat pump installation, at 30% of the cost of the project.
And if you're from a low-income household, you could be eligible for a rebate of up to $8,000. That's some serious cash back in your pocket.
But the savings don't stop there. Heat pumps outperform traditional HVAC systems when it comes to energy efficiency. They can reduce your energy use by up to 65%, depending on your current system, according to the U.S. Department of Energy. Over time, those savings add up to a hefty chunk of change.
Ready to join the heat pump revolution? Check out EnergySage's Heat Pump Marketplace. This handy tool helps you compare deals in your area and navigate rebate options.
By switching to a heat pump, you're not just saving money — you're also doing your part to create a cleaner, healthier future. It's like building a better world, one comfortable home at a time.
Join our free newsletter for easy tips to save more and waste less, and don't miss this cool list of easy ways to help yourself while helping the planet.
The government is giving away up to $10,000 for this money-saving HVAC tech — here's how you can qualify first appeared on The Cool Down.
Welcome to Billionaire Club Co LLC, your gateway to a brand-new social media experience! Sign up today and dive into over 10,000 fresh daily articles and videos curated just for your enjoyment. Enjoy the ad free experience, unlimited content interactions, and get that coveted blue check verification—all for just $1 a month!
Account Frozen
Your account is frozen. You can still view content but cannot interact with it.
Please go to your settings to update your account status.
Open Profile Settings