Insulation
| Rebate: $1.70 per Square Foot | |
|---|---|
| Max Rebate | N/A |
| Avg. Lifetime Savings | $4000 |
| Avg. Lifespan (Years) | 20 - 50 |
Energize CT Rebate
Save Up To $0
The information provided on this site is for general informational purposes only and is not intended to be legal, financial, or tax advice.
Air Source Heat Pump Incentive Details
Energize CT Air Source Heat Pump Rebate
Qualified participants can receive up to $15,000 in combined incentives for qualifying air source heat pumps. The exact amount of the rebate depends on the size (tonnage) of the equipment installed.The rebate program is valid from January 1, 2023, to December 31, 2023. To be eligible for the rebate, the installation must take place within this time frame. Air source heat pumps are highly efficient in converting energy into heat, resulting in lower energy bills. They extract heat from the outdoor air and transfer it indoors, providing heating during colder months. In addition to heating, air source heat pumps can also be used for cooling in warmer seasons, further enhancing their energy-saving potential.
Residential electric service customers are eligible for rebates on air source heat pumps. Customers of both Eversource and UI can participate in the rebate program.
To qualify for the Energize CT Heat Pump rebates, the heat pump equipment must be listed on the Energize CT Heat Pump Qualified Product List. The tonnage of the equipment is determined by the cooling capacity listed on the Air-Conditioning, Heating, and Refrigeration Institute (AHRI). Specifically, one ton is equivalent to 12,000 BTUs. To calculate the tonnage, the AHRI cooling capacity is divided by one ton and then rounded to two decimal places.
The Advantages
Air Source Heat Pumps (ASHPs) offer several advantages for homeowners in Connecticut. These include:
Energy Efficiency: ASHPs are highly efficient, converting a significant portion of the energy they consume into heat for your home. This translates to lower energy bills for homeowners and a reduced carbon footprint for the environment.
Cost Savings: ASHPs can help homeowners save money on their heating bills, particularly in areas with high electricity rates. Additionally, the Energize CT rebate program offers significant financial incentives to help offset the cost of purchasing and installing an ASHP.
Versatility: ASHPs can provide both heating and cooling for your home, making them a versatile solution for year-round comfort. They can also be used to supplement existing heating systems, reducing the load on older, less efficient equipment.
Environmental Benefits: ASHPs produce fewer greenhouse gas emissions than traditional heating systems, which is beneficial for the environment. Additionally, the electricity used to power ASHPs can be generated from renewable sources like wind or solar, further reducing their environmental impact.
Increased Home Value: ASHPs are a desirable feature for homebuyers and can increase the value of a home. Additionally, by improving the energy efficiency of a home, ASHPs can make it more attractive to potential buyers and increase its resale value.
Overall, ASHPs offer numerous benefits for homeowners in Connecticut, including energy efficiency, cost savings, versatility, environmental benefits, and increased home value. By taking advantage of the Energize CT rebate program, homeowners can make the switch to ASHPs with minimal upfront cost and enjoy the long-term benefits of this efficient and sustainable heating solution.
Costs & Savings
$5000 - $0
$5000 - $0
15 - 0
The average initial cost of installing an air source heat pump as part of the Energize CT Residential Air Source Heat Pump rebate program typically ranges from $5,000 to $25,000. However, it’s important to note that this cost can vary depending on several factors, including the size of the system, any necessary modifications or upgrades to existing infrastructure, and the specific installation requirements for your home. It is recommended to consult with a contractor participating in the Energize CT Heat Pump Installer Network to get a more accurate estimate for your specific situation.
By upgrading to an energy-efficient air source heat pump through the Energize CT Residential Air Source Heat Pump rebate program, homeowners can expect to save an average of $5,000 to $15,000 over the system’s lifetime. These savings are realized through reduced energy consumption and lower heating costs compared to traditional heating systems.The exact savings will depend on various factors, such as the size of the heat pump, the energy efficiency of the unit, the local climate, and the homeowner’s heating habits. However, on average, homeowners can anticipate significant cost savings over the lifespan of the air source heat pump.
Other Applicable Incentives
| IRA Electrification Rebate: $8000 | |
|---|---|
| Upfront Discount | 50%-100% of Costs |
| Avg. Initial Cost | $8000-$35000 |
Claim up to $8,000 in Inflation Reduction Act rebates for heat pump air conditioner/heater systems. Low-income households with incomes that are below 80 percent of the Area Median Income (AMI) are eligible to receive 100 percent coverage of their heat pump costs up to $8,000. Moderate-income households with incomes between 80 percent and 150 percent of the AMI are eligible to receive 50 percent coverage of their heat pump costs up to $8,000.
| IRA Tax Credit: 30% of Costs | |
|---|---|
| 25C Max Credit | $2000 |
| 25D Max Credit | Uncapped |
The 25C tax credit from the Inflation Reduction Act offers homeowners a 30% non-refundable credit, capped at $2,000 per year, for installing a Heat Pump Air Conditioner/Heater. It can offset taxes owed, but not provide a refund. It requires sufficient tax liability, can be combined with other funding programs, and may reduce installation costs when combined with other rebates. Renters may not be eligible.
A "Home Energy Solutions" Energy Audit is Your Best First Step.
Looking to maximize your Air Source Heat Pump incentive/rebate and achieve optimal energy savings for your home? Look no further than a comprehensive Home Energy Solutions (H.E.S.) audit. By identifying areas of energy waste and recommending upgrades to enhance efficiency, a HES assessment is the logical first step in your energy savings journey. Plus, with the HES Score you receive, you'll be able to qualify for the best incentives available. Don't miss out on the opportunity to save energy and money - schedule your HES audit today and start your journey towards a more efficient home.
H.E.S. only costs you $50 out-of-pocket. It could be free-of charge if you qualify for Home Energy Solutions Income-Eligible (H.E.S.-IE).
$0
$0
Average Annual Energy Savings$0
Weatherization Service Value$0
Average 1st Year SavingsTake A Look At A Home Energy Audit Step By Step
Watch Video
Triple Pane Window
| Rebate: $100 per Unit | |
|---|---|
| Max Rebate | N/A |
| Avg. Lifetime Savings | $10000 |
| Avg. Lifespan (Years) | 20 - 30 |
Ground Source Heat Pump
| Rebate: $1250 per Ton | |
|---|---|
| Max Rebate | $15000 |
| Avg. Lifetime Savings | $50000 |
| Avg. Lifespan (Years) | 25 - 50 |
Smart Thermostat
| Rebate: $85 per Unit | |
|---|---|
| Max Rebate | N/A |
| Avg. Lifetime Savings | $565 |
| Avg. Lifespan (Years) | 9 - 10 |
Tankless Gas Water Heater
| Rebate: $300 per Unit | |
|---|---|
| Max Rebate | N/A |
| Avg. Lifetime Savings | $2000 |
| Avg. Lifespan (Years) | 18 - 20 |
Natural Gas Furnace
| Rebate: $650 per Unit | |
|---|---|
| Max Rebate | $650 |
| Avg. Lifetime Savings | $1550 |
| Avg. Lifespan (Years) | 18 - 20 |
Natural Gas Boiler
| Rebate: $750 per Unit | |
|---|---|
| Max Rebate | $750 |
| Avg. Lifetime Savings | $20000 |
| Avg. Lifespan (Years) | 18 - 20 |
Heat Pump Water Heater
| Rebate: $750 per Unit | |
|---|---|
| Max Rebate | $750 |
| Avg. Lifetime Savings | $4000 |
| Avg. Lifespan (Years) | 10 - 12 |
Gas Condensing Water Heater
| Rebate: $300 per Unit | |
|---|---|
| Max Rebate | $300 |
| Avg. Lifetime Savings | $1500 |
| Avg. Lifespan (Years) | 10 - 11 |
Boiler Circulator Pump
| Rebate: $35 per Unit | |
|---|---|
| Max Rebate | $35 |
| Avg. Lifetime Savings | $4800 |
| Avg. Lifespan (Years) | 10 - 15 |
