Energy experts are encouraging homeowners to explore heat pump technology as a powerful way to slash utility bills and protect against rising energy costs nationwide. The issue has become even more urgent as federal incentives for home energy improvements expire at the end of this year, creating a narrow window for families to maximize their savings.
Bill Gerosa, a homeowner living 30 miles north of New York City, was spending around $6,700 annually to heat and cool his house, per the Milwaukee Independent. After installing a ground-source heat pump for $13,000 — made more affordable by state and utility incentives — his monthly energy use plunged by two-thirds.
Combining the new system with solar panels reduced his heating and cooling bills to virtually nothing, and he was able to recoup the installation costs within seven years, according to the article.
Upgrading your own heating and cooling systems is one of the best ways to save money, with modern heat pump technology keeping your home cozy year-round. TCD's HVAC Explorer can help you better understand your options and save up to half the cost of your energy bills, including unique $0-down subscription options.
Heat pumps use electricity to gather heat from one place and move it to another, making them three to five times more efficient than technologies that must generate heat before distributing it. Advances in today's systems also mean heat pumps keep homes cool in triple-digit heat and warm even well below zero.
Air-source heat pumps cost less to install and require less space, making them ideal for moderate climates. Ground-source pumps, also known as geothermal systems, cost more upfront but deliver tested, long-term efficiency.
"They're seeing the ground temperature of about 50 degrees, not the outside air temp," said Ted Tiffany, senior technical lead for the Building Decarbonization Coalition, per the Milwaukee Independent. "So that's where they really dominate on efficiency, payback, energy bills, peak demand on the grid, all of those things."
Furthermore, heat pumps produce far less pollution than gas-powered systems — even when the electricity in use comes from coal-fired plants. The National Renewable Energy Laboratory found that, almost everywhere in the U.S., switching to a heat pump reduces harmful pollution and improves air quality.
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The HVAC Explorer is a great place to explore your options. For example, Palmetto makes upgrading straightforward: you can save up to 50% on your energy costs with a more efficient system and get a new system for no money down, with lease payments as low as $99 per month. Not having to pay for maintenance or repairs sure sounds nice, and Palmetto makes it happen with 12 years of free maintenance.
Installing home solar in addition to upgrading your heating and cooling systems can lead to even greater energy savings. Check out TCD's Solar Explorer for help finding trusted partners and competitive quotes.
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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. |
Lower energy bills 💰 And why not check out Palmetto's Home app while you're at it? You can unlock $5,000 in rewards for going about your day-to-day activities and accessing tips and bonuses for being eco-friendly.
Take it from Mike Henchen, buildings program principal for clean energy nonprofit RMI, who noted the widespread benefits, per the Milwaukee Independent: "We should [switch to using heat pumps] now, pretty much everywhere."
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