How You Can Save Money With a Heat Pump

A heat pump is a great home investment, and millions of Americans are making the switch. As of 2020, 17 million households had installed heat pumps to improve both their heating and cooling. Heat pumps aren’t just for heat. They can also replace traditional air conditioning. If you’re looking for a way to reduce your energy footprint and lower utility bills, a heat pump could be a great investment.

Save Electricity

Traditional HVAC systems feel like a necessary expense, and it’s become second nature to feel yourself dreading the hike in electric costs during the winter or summer. With a heat pump, you can keep the same level of comfort in your home while reducing electric consumption by up to 50%.

This reduced consumption comes from how heat pumps work. They move heat from one place to another, rather than endlessly cycling air in and out of your home. Plus, their ability to reverse-cycle and provide cooling makes it a more efficient, less-energy-reliant system than other types of HVAC models, including those that use a separate furnace and condenser to distribute air through ductwork.

Get Money Back With Tax Incentives

You can save money by installing a heat pump, thanks to the government’s Energy Efficiency Home Improvement Credit. You may qualify for a credit of up to $2,000 for a qualified heat pump by December 31, 2025.

This tax credit can help you recover some of the installation costs, further increasing your savings on a heat pump. This is on top of the hundreds of dollars you can save per year, especially if you’re switching to a heat pump after years of relying on an aging HVAC system.

Lower Repair Needs

Heat pumps are generally easier to maintain because they’re one single system, not a combination of heating and cooling devices working in tandem. This results in more streamlined maintenance, which means fewer repairs and more money in your bank account. It’s a win-win for homeowners and maintenance professionals alike. Regular maintenance will catch minor issues before they escalate, saving you time and money on costly fixes down the line.

How Much Does a Heat Pump Cost?

The answer depends on what your current HVAC system set-up is and your home’s design; increased labor to tear out your old system and install the heat pump will elevate costs. In general, a heat pump installation costs between $5,000 and $15,000, but some high-end systems can be much higher. In other words, you have plenty of options when it comes to getting a heat pump that not only works for your budget but also delivers the greatest long-term value.

Now is the time to improve comfort and energy savings. Consult with the pros at Blaze Air to learn more about our heat pump installation services in North Carolina.