Cost difference between an electric heat pump system and a legacy gas forced air or gas hot water heater
What is the cost difference? Upfront? Over 10 years? What are the tax credits? Great questions! As architects who–like all of us–are aware and deeply concerned about the threat of man-made climate change, we advise all our clients to go solar and use electric or geothermal for heating and cooling.
Federal tax credits
For an 80,000 btuh output and a 50 gallon hot water heat pump water it’s about $25k versus $12k before the tax credits. The federal goverment allows you to subtract $2k per heat pump per year from your taxes through 2032. That’s about $32k in savings.
#energysaver #climatechange #solar #sustainableheating #mrcool #mitsubishi #hydronicheating
What is the cost difference? Upfront? Over 10 years? What are the tax credits? Great questions! As architects who–like all of us–are aware and deeply concerned about the threat of man-made climate change, we advise all our clients to go solar and use electric or geothermal for heating and cooling.
Federal tax credits
For an 80,000 btuh output and a 50 gallon hot water heat pump water it’s about $25k versus $12k before the tax credits. The federal goverment allows you to subtract $2k per heat pump per year from your taxes through 2032. That’s about $32k in savings.
#energysaver #climatechange #solar #sustainableheating #mrcool #mitsubishi #hydronicheating