Heat pumps can help you save money and use less energy in your home. A viral YouTube video recently backed up this idea and challenged claims that heat pumps were "scams."

In the video, Undecided by Matt Ferrell (@UndecidedTechnology) discussed five myths, starting with costs. "If you believe half of what you hear about heat pumps, you'd think they're a $20,000 scam that stops working the second it gets cold outside," his explainer began.

He then pushed back at skeptics, stressing modern pumps can work in environments with temperatures of up to -26 degrees Celsius (-15 degrees Fahrenheit). The Massachusetts-based homeowner added that complaints about reliability can be traced back to common installation problems.

Matt acknowledged that the upfront cost for his installation was steep. That's why he sought incentives, which helped him reduce his expenses. His decision to invest in the geothermal system was reportedly guided by the long-term savings it would bring.

According to Mitsubishi Electric's Heat Pumps and Homeowners Index, 39% of survey respondents reported experiencing cost savings from using heat pumps. One homeowner reported that, thanks to their heat pump, they save hundreds annually. 

If you're weighing your HVAC options, Mitsubishi Electric's tool can help you find reliable, local contractors who can install energy-saving HVAC systems.

These appliances can produce three to four units of heat for every one unit of electricity they use. They transfer rather than generate heat, reducing the electricity needed for operations. Beyond potential bill savings, switching to heat pumps also reduces pollution generated by households.

Smart upgrades that slash monthly bills

Integrating heat pumps and other equipment upgrades in your home can help you manage your budget amid rising energy costs. To explore your options, the tools below can help you find credible installers, compare solutions, and study incentives for a more affordable switch.

• Mitsubishi can help you find efficient heating and cooling solutions for your home and connect you with trusted installers
• Not ready to spend up front? Palmetto's $0-down HVAC leasing program can lower your energy costs by up to 50%
• TCD's HVAC Explorer makes it easy to access exclusive offers from preferred partners

Which of these savings plans for rooftop solar panels would be most appealing for you? Save $1,000 this year 💸 Save less this year but $20k in 10 years 💰 Save less in 10 years but $80k in 20 years 🤑 Couldn't pay me to go solar 😒 Click your choice to see results and speak your mind.

You can pair your HVAC systems and other appliances with solar panels to reduce bills further. Find and compare certified installers through EnergySage and save up to $10,000 on solar installs.

The free Palmetto Home app helps you earn up to $5,000 in rewards for home upgrades by completing energy-saving challenges. Meanwhile, Palmetto's HVAC lease plans start as low as $99 monthly and include free maintenance for 12 years. 

For homeowners who've already made the switch, the benefits are clear. Several heat pump owners in the comments shared their real-world experiences.

A commenter from Canada who installed mini-splits said, "There was an immediately significant savings in my winter heating bills, but the thing I noticed most was how much more comfortable the house was."

Another wrote that they've used dual heat pumps at their cabin for three years: "Up in the mountains, we had an immediate reduction in our yearly power bill of more than $500, so the payback time is far less than the length of the factory guarantee."

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