Heat Pumps
Rebates and Tax Incentives:
Federal:
Information on Heat Pump Federal Tax Incentives - all Federal Tax Incentives & Rebates are only for Energy Star units
(In addition to limits on the amount of credit you can claim for any particular equipment installation or home improvement, there are annual aggregate limits. The overall total limit for an efficiency tax credit in one year is $3,200. This breaks down to a total limit of $1,200 for any
combination of home envelope improvements (windows/doors/skylights, insulation, electrical) plus furnaces, boilers and central air conditioners.
Any combination of heat pumps, heat pump water heaters and biomass stoves/boilers are subject to an annual total limit of $2,000.)
Information on future Federal Heat Pump Rebates for those making under 150% of the AMI (Area Median Income)
Local:
Information on local SMPA Heat Pump Rebates (only for cold-climate heat pumps & when requested within 60 days!)
Additionally, SMPA offers rebates for Electric Thermal Storage (ETS), allowing heat to be captured during off-peak hours and released when needed. Details on the SMPA Rebates page and more info on ETS (from Sussex NJ) here.
Why would one replace a gas or propane furnace (or baseboard heating) with a heat pump?
Consumer Reports, gives 4 Reasons You Might Consider a Heat Pump (Plus a Few Caveats), providing some general information and lists the following:
1. Heat pumps are more eco-friendly, 2. You might save money, 3. Installing a heat pump can be easy, and 4. Your home can be more comfortable.
Cold climate heat pumps are now available that work well in Colorado - and as our climate warms, heat pumps provide both heat and air conditioning.
Department of Energy Information on Heat Pumps - how they work, the various types, and their benefits.
Great EcoAction Partners info on cold climate heat pumps and local contractors.
Federal:
Information on Heat Pump Federal Tax Incentives - all Federal Tax Incentives & Rebates are only for Energy Star units
(In addition to limits on the amount of credit you can claim for any particular equipment installation or home improvement, there are annual aggregate limits. The overall total limit for an efficiency tax credit in one year is $3,200. This breaks down to a total limit of $1,200 for any
combination of home envelope improvements (windows/doors/skylights, insulation, electrical) plus furnaces, boilers and central air conditioners.
Any combination of heat pumps, heat pump water heaters and biomass stoves/boilers are subject to an annual total limit of $2,000.)
Information on future Federal Heat Pump Rebates for those making under 150% of the AMI (Area Median Income)
Local:
Information on local SMPA Heat Pump Rebates (only for cold-climate heat pumps & when requested within 60 days!)
Additionally, SMPA offers rebates for Electric Thermal Storage (ETS), allowing heat to be captured during off-peak hours and released when needed. Details on the SMPA Rebates page and more info on ETS (from Sussex NJ) here.
Why would one replace a gas or propane furnace (or baseboard heating) with a heat pump?
Consumer Reports, gives 4 Reasons You Might Consider a Heat Pump (Plus a Few Caveats), providing some general information and lists the following:
1. Heat pumps are more eco-friendly, 2. You might save money, 3. Installing a heat pump can be easy, and 4. Your home can be more comfortable.
Cold climate heat pumps are now available that work well in Colorado - and as our climate warms, heat pumps provide both heat and air conditioning.
Department of Energy Information on Heat Pumps - how they work, the various types, and their benefits.
Great EcoAction Partners info on cold climate heat pumps and local contractors.
