The state of Oregon has instituted a new policy that will allow residents to get an extra tax credit if they convert their HVAC system to a more energy-efficient heat pump.
According to Oregon Public Broadcasting, the Oregon Department of Energy is offering $2,000 in rebates to people who install a heat pump on their homes, funded by the federal government's Climate Pollution Reduction Grant, which gave the state $197 million last year.
The state says it has had over 1,000 applicants for the rebate program so far and that it expects that number to keep climbing.
When combined with the federal government's tax credit, you can save a total of $4,000 on installing a heat pump in your home.
Heat pumps are a great way to save money on your energy bill and reduce your home's carbon footprint. Heating your home is responsible for a large part of your home's power bills, and heat pumps require less energy than traditional HVACs.
Where traditional HVAC systems use natural gas or electricity (which could come from dirty sources such as oil) to heat your home, or toxic chemicals such as freon to cool it, a heat pump pulls the heat from your air and transfers it outside to help keep your home cool, or pulls heat from outside to warm it. They are more energy efficient than traditional HVAC systems for both heating and cooling, and they rely far less on things like natural gas.
However, it can be complicated to find an HVAC company willing to help you install your heat pump; many companies will push you toward more traditional systems that they have partnerships with or are more comfortable installing.
Fortunately, established companies like Mitsubishi have found ways to make it easy to find an efficient system at a price that is right for you. The Mitsubishi website has been recently upgraded to be able to connect you with heat pump specialists in the company's network of certified contractors who can help you to install your new system with a wealth of experience with the exact units available.
Find the best HVAC solution to heat and cool your home more efficiently Mitsubishi Electric’s efficient heating and cooling HVAC solutions can help you stay comfortable no matter the weather or region. You can even regulate temperatures in each room with individually controlled all-electric heat pump systems. With an energy-efficient, all-climate system from Mitsubishi, you can reduce the amount of energy needed to heat and cool your home, receive up to $2,000 in tax credits, and get peace of mind knowing you’re choosing rigorously tested, high-quality products. |
However, if you want to take advantage of the full $4,000 benefit and save the most money possible, you need to act fast. The federal tax credit for many environmental improvements like heat pumps and solar power ends at the end of this year, and while the state rebate in Oregon is separate and unaffected, it's better to act sooner rather than later to save as much money as possible.
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Which of these factors would most effectively motivate you to buy a heat pump? Click your choice to see results and speak your mind. |
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