Heating and Cooling Incentives Get a 2020 Update
In the year-round search to find comfort, it’s likely no surprise that heating and cooling typically make up the largest sources of residential electricity use. In the Annual Energy Outlook 2020, the U.S. Energy Information Administration (EIA) estimates that over 30% of residential electricity use in the country goes toward space heating and cooling.
To make sure your home’s heating and cooling expenses stay under control, it’s important to heat and cool your home efficiently. Cape Light Compact is here to help by connecting you to energy-efficient heating and cooling options, plus providing incentives to help offset the upfront cost of installation. These incentives just got an update for 2020, so read on to learn more about the Compact’s latest offers on heating and cooling technology.
Exploring Heat Pump Options
One of the advantages of heat pumps is that they can provide an efficient way to both heat and cool your home. Plus, there are a variety of heat pump types, which means you can find an option that works well for your home. Some of the factors to consider include:
- What is your existing heating and cooling system and your current fuel source?
- Do you want to heat and cool a single room or your whole home?
- Do you want to install a mini-split system or a centralized system?
These are just a few of the questions you’ll want to explore before deciding on whether to install a heat pump.
The good news is that the Compact will guide you through these considerations and provide recommendations for which technology may be best. The easiest way to get started is through a no-cost home energy assessment. Alternatively, you can reach out to any Massachusetts-licensed HVAC contractor, including those who have received special training made possible through the Compact and its fellow Mass Save® Sponsors.
The other good news is that the Compact offers incentives on each of these heat pump technologies. Rebate values, which were just updated for 2020, can range from $250 to $1,250 per ton for a mini-split or central heat pump, plus up to $1,500 for integrated controls. The number of tons indicates the cooling capacity of the installed heat pump, meaning how much heat can be removed by the system in one hour.
Focusing on Cooling
While heat pumps can meet both your home’s heating and cooling needs, you may decide to only use this technology for cooling. If so, the Compact offers separate incentives for cooling equipment. Qualifying central air conditioning systems are eligible for a rebate of $50 per ton of cooling capacity, whereas ENERGY STAR® certified window air conditioners are eligible for a $40 rebate per unit.
An Additional Financial Incentive
In addition to the equipment rebates, the Compact, along with its fellow Sponsors of Mass Save®, offers a HEAT Loan, which provides a zero-interest loan of up to $25,000 that could be applied toward qualifying HVAC upgrades in existing homes. Be sure to explore the HEAT Loan option upon completing your no-cost home energy assessment with the Compact.
On the Cape and Vineyard where the changing seasons bring such variable weather, having efficient, effective heating and cooling systems is important to providing year-round comfort without runaway energy costs. Make 2020 the year you optimize your home’s HVAC system with the Compact’s latest offers and incentives for heat pumps and air conditioning!