![]() However, the initial purchase price of a heat pump can remain high in some areas, especially in cold climates. In a June 2022 nationally representative CR survey (PDF) of 2,103 U.S. And in some parts of the country, they already cost less to install than other kinds of HVAC systems. Our reporting has found that heat pumps can be more cost-effective than other heating systems over the long term. And while older heat pumps struggled in cold climates, many of the latest models can even work well in frigid winter temperatures. When coupled with cleaner electricity sources, a heat pump can be a sustainable way to control the temperature indoors. ![]() The Inflation Reduction Act is packed with provisions to incentivize homeowners to make energy-efficiency upgrades to their home, including installing high-efficiency heating, cooling, and water-heating equipment such as fuel-conserving furnaces, boilers, and wood stoves.īut the largest credits and rebates are available for heat pumps, a high-efficiency system that heats and cools your home in place of a furnace (or boiler) and an air conditioner.
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