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Potter Heating Cooling & Plumbing Blog

How Heat Pump Installation Saves You Money

We’re all used to furnaces and central ACs. Maybe you grew up with one, the house you bought has one, or your parents still use one. But heat pumps offer a better way to heat and cool your home, all without spending as much money.

Heat pump installation still has its upfront cost, but after that, it saves you money on a month-to-month basis. When you pay less to heat and cool your home, you can allocate that money to insulation (and increase your savings/efficiency even further), finishing the garage, or just stowing it away. This is what you need to know about heat pump installation and your wallet.

Just Run it Normally

That’s right–you can just run your heat pump normally and still save money compared to your old air conditioner or heater. Because heat pumps use up to 50% less energy to give the same output as your old, inefficient system, you’re not going to spend nearly as much on your energy bills.

The best part? You don’t have to run it at a specific temperature to save money. You can run it the same way you ran your old system, at the same temperatures, and that’s okay. While it’s always good to be conscious of how much energy you’re using and you can still save even more money that way, it’s not required to feel the full effect of your heat pump.

An Upgrade From Your Furnace

Let’s face facts–your furnace isn’t as energy efficient as you want it to be. It’s a combustion-based system and has its flaws. Plus, furnaces have safety issues that you just don’t run into with heat pumps.

Try as they might, furnaces have a maximum efficiency rating, and it’s never 100%. They use an AFUE rating, and most furnaces (depending on age and quality) land somewhere between 80% and 97%. That AFUE rating stands for Annual Fuel Utilization Efficiency. Some amount of power gets lost during the combustion process that can’t be recovered or used to heat your home.

It’s also worth it to think about all the repairs and maintenance you’ve had to get for that furnace. Now, with a two-in-one system, you don’t have to worry about separate heating bills, an additional maintenance appointment every year, or anything else associated with having two separate systems.

There May Be Heat Pump Incentives

The government provides programs with tax incentives and rebates all the time, and until 2029, the Inflation Reduction Act is rewarding homeowners with massive rebates. Beyond that, there are plenty of other opportunities for you to save money with government programs, all while lowering your monthly energy bills. It’s the smart choice for your home.

It’s Time for a Money-Saving Change

You want to save money and stop signing up for two maintenance visits a year? Excellent–this is how you do it. Contact us today to learn how you can use a heat pump as effectively as possible, and live with a lower carbon footprint (and fatter wallet) at the same time.

Contact us today to schedule your heat pump installation as soon as possible.

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