Cooperative Living March 2023 - 22

THE LATEST
EnergyGuide Label:
Pumping Out the Savings
Story courtesy of Statepoint Content
New federal tax credits increase appeal of electric heat pumps
M
Wha
1. Sustai
bur
ore and more people are turning to heat pumps
to heat and cool their homes. It is estimated that
18 million American households already use them.
With new energy incentives being offered, and more
homeowners choosing greener technologies, that number
is exp ct
is expected to rise dramatically.
to ise dr
electricity and transf
he
and can pul hea
re hr
l
t i
nt
ti
ll
Here are three reasons to consider one for your home:
stainability. Heat pumps are electric and don't
ly
technology moves
burn fossil fuels like
iro me
ike furnaces do, making them more
the heating, ventilation and air conditioning industry's
go-to for reducing consumers' carbon footprints.
environmentally friendly. In fact, heat pumps are becoming
In
are becoming
2. Control. Newer two-stage and variable-speed heat pumps
offer high- and low-stage heating to warm your space when
outdoor weather changes; they operate more efficiently for
longer periods of time at lower speeds and use less energy.
They provide more precise temperature controls and more
consistent comfort. Both options contribute to managing
humidity levels too.
What is a heat pump? Heat pumps are powered by
sfer heat using refrigerant. Heat pump
heat outside your home in warmer months
sfer heat using refrigerant. Heat pumpmp
and can pul hea nto your home during cooler months.
He
s.
Estimates annual energy use and
operating cost of the product.
ENERG S TAR Label:
Designates highly efficient
products.
Up to $8,000
in federal tax
3. Technology. Heat pumps today
are more advanced than ever and
handle both heating and cooling by
redistributing air. Carrier's Infinity 24
Heat Pump with Greenspeed Intelligence
operates at temperatures down to minus 15 degrees
Fahrenheit, making heat pumps an advanced solution for mild
and colder climates. Does your region get colder than that?
Heat pumps can be combined with a gas furnace for a dual-fuel
system that is energy-efficient and cost-effective. Looking
ahead, heat pumps that work in colder temperatures are in
development and will be available soon.
credits are available
for all-electric
heat pumps.
GET THE RIGHT SIZE
There are several factors that go into picking your ideal heat
pump. The size of your home, climate, sun exposure, desired
features and ductwork all play into the size of heat pump. An
undersized unit will work overtime to hit target temperatures.
A unit that is too large will achieve the desired temperature
before its cycle is complete and waste energy. It is best to work
with a professional dealer in choosing the heat pump that is
best for your home.
MONEY-SAVING TIPS
Heat pumps, including installation, can range anywhere
from $3,000 to $15,000 or more. Thankfully, there are many
cost-saving options for homeowners.
The Inflation Reduction Act of 2022 includes federal tax
credits that reward homeowners for purchasing certain highefficiency
HVAC equipment, including many of Carrier's line
of heat pumps. Up to $8,000 in tax credits are available for
all-electric heat pumps.
Lower energy consumption means energy bill savings, up to
$500 on energy bills every year in some cases. Look for Energy
Star certification and Seasonal Energy Efficiency Ratio
ratings. The SEER rating is like your car's mileage per gallon -
the higher the number, the greater the potential for savings.
Many manufacturers and utility companies also offer
rebates and low-rate financing. For example, Carrier's heat
pump rebate offerings are listed on their website. At the time
of this publication, up to $1,300 in rebates are being offered
for most units.
Beyond the basics, today's heat pumps offer new comfortenhancing,
energy-saving features that could help you reduce
your heating costs. 
20 ● Cooperative Living ●
March 2023
co-opliving.com
http://www.co-opliving.com
Cooperative Living March 2023

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