Financial Savings Offered by Heat Pumps
It is very difficult to calculate the precise savings offered by air and ground source heat pumps given the huge range of factors.
The savings offered by heat pumps depend on the following factors:
- Your eligibility for tax credits and rebates depending on which state you live in.
- Your current heating source (oil, LPG, etc)
- Your property’s specifications and available outside space
- Its energy efficiency
- Your energy consumption
- Cost of system installation and parts, based on its size and quality
- Type of system installed (i.e. air or ground source)
Find installers of heat pumps in your state.