However,the heating and cooling systemof your home must be taken into consideration as well.
So how much money can you get off the sticker price of a heat pump system?
Here’s your guide to the financial incentives available right now.
How much does a heat pump cost?
Like any major home improvement, there’sa range of costs.
A top-of-the-line system can run from $6,000 to $20,000.
Higher-efficiency systems (which lead to greater energy bill savings) cost more upfront compared to lower-efficiency systems.
“It’s quite the range, depending on what you’re looking for,” Davis said.
you might apply the credit toward the total project cost, including labor.
A separate program, also part of the IRA, is theresidential clean energy credit.
The last piece of the IRA that applies to heat pumps is still rolling out.
Each state is developing its own guidelines, sokeep an eye out for updates from your state.
“It’s just so new, they’re not all out there yet,” Davis said.
They might be tax credits or direct rebates off the sticker price of a heat pump.
Is a heat pump worth it?
It all depends on your personal situation.
“A lot of people don’t think about their HVAC,” Davis said.
