Heat Pumps & Water Heaters Included in Inflation Reduction Act
Water heating accounts for nearly 20 percent of your home’s energy use, according to the U.S. Department of Energy (DOE). Upgrading to a heat pump water heater can significantly lower that expense.
Heat pump water heaters (HPWHs) join a list of environmentally friendly appliances designed to save you money and reduce your Rittman home’s carbon footprint. And yes, they are included in the Inflation Reduction Act (IRA), which offers incentives for homes and businesses to decarbonize toward clean energy.
Schar Heating & Cooling wants to help our Ohio customers live a greener lifestyle. We offer high-efficiency products tailored to your needs and budget. Call us today to schedule an energy audit of your Rittman home and find ways to start saving money.
What Is a Heat Pump Water Heater?
You might not realize it, but heating, ventilation, and air conditioning (HVAC) systems are currently responsible for over 10 percent of global greenhouse gas emissions.
The Inflation Reduction Act addresses this issue. From electric vehicles and furnaces to solar paneling and heat pumps, the IRA is a blueprint to help you electrify. It encourages homeowners and businesses to replace any machinery that burns fossil fuels.
That includes storage tank water heaters.
Heat pump water heaters use electricity to pull heat from the surrounding air and transfer it into a hot water tank. Unlike a conventional gas-burning water heater, a heat pump water heater transfers heat instead of creating it. Doing so improves efficiency, lowers energy costs, and reduces your home’s greenhouse gas emissions.
You can purchase a model with the heat pump outdoors and the water heater inside your home. Or you can choose a standalone unit where the heat pump sits on top of the storage tank.
A well-maintained heat pump water heater will operate at a high level of efficiency for up to 15 years. Our Schar Heating & Cooling professionals can guide you through the selection process, helping you choose a model that fits your needs and budget.
Take Advantage of Inflation Reduction Act Benefits
Depending on your household income, you could qualify for up to $1,750 in rebates through the Inflation Reduction Act. Schar Heating & Cooling can tell you what rebates and other incentives are available to you with the purchase of a heat pump water heater.
The new law also covers other purchases, such as insulation, heat pumps, electric stoves, solar panels, and electric vehicles. Call us today for a free consultation on making your home more efficient.
Creating a Greener Home
Going green is a national trend, as several states around the country are discouraging natural gas hookups in new construction while offering incentives on environmentally friendly equipment.
Now is the time to consider the switch to an electric heat pump when you are ready to swap out your old furnace and AC unit. The Inflation Reduction Act makes the transition cost-effective and convenient.
To sum it up, here are just a few of the benefits you’ll enjoy by upgrading to a heat pump water heater:
- Fewer greenhouse gas emissions
- Lower operating costs
- Multiple rebates available
- Different-sized models are available to meet the specific needs of your household
- Timely and efficient installation by our Schar Heating & Cooling professionals
Call us today to learn more about heat pump water heaters and other upgrades that can improve your comfort and surroundings.