Over recent years, home heating costs have increased a good amount. Additionally, homeowners are looking for ways to help the environment as the focus on climate change increases.
Recently, a bill known as the Inflation Reduction Act was passed, which is meant to help homeowners save money while switching to electric systems in their home. One rebate that is included in the Inflation Reduction Act will go toward electric heat pump installations, which not only help save homeowners money on energy bills, but help lower carbon emissions as well.
At ServiceOne, we are experts when it comes to home heating. Electric heat pumps are a great way to efficiently heat your home during the winter months, while also saving you money on energy costs! Below, we go over some of the pros and cons of electric heat pumps.
Pros of Heat Pumps
Switching to electric heat pumps in your home is a great way to improve your home’s energy efficiency. Compared to standard electric or gas heaters, electric heat pumps transfer heat much more efficiently.
In terms of energy costs, heat pumps beat out the traditional gas and electric furnace by quite a bit. This is primarily due to the efficiency heat pumps offer, as well as electricity being a cheaper commodity than natural gas.
While gas furnaces are powered on gas, heat pumps are fully electric. That means that you won’t be burning fossil fuels to heat your home, but instead, you’ll be using clean and more sustainable energy. This plays a huge role in helping improve the environment, especially during the fight against climate change.
Better air quality
Lastly, electric heat pumps can help improve the humidity levels in your home, especially during extremely hot and cold temperatures. Because of this, heat pumps can, in fact, help improve your home’s overall air quality.
Cons of heat pumps
Higher upfront costs
One drawback of heat pumps is that they can have higher upfront installation costs than a traditional furnace. Fortunately, ServiceOne financing options make heat pumps more affordable. And the extra costs are made up down the road due to the amount you save on your energy bills each year. On top of that, with the Inflation Reduction Act, low to middle income households will be eligible for rebates on new electric heat pump installations sometime in 2023!*
Another disadvantage of heat pumps is that they usually require more maintenance than other systems. This is more so because heat pumps have more mechanical parts than other systems, and everything needs to be working properly in order to stay highly efficient. Although this can be inconvenient, a trusted service partner can help keep your heat pump maintenance as simple as possible.
Switching to an electric heat pump is a great way to improve the energy efficiency in your home! Although there are a few drawbacks when it comes to heat pumps, such as high upfront costs and more required maintenance, the advantages will certainly pay off in the long run!
At ServiceOne, our team is experienced in installing and maintaining electric heat pumps. If you have any questions, give us a call today.
*Details pending based on decisions by Federal and State governments in 2023.