Insulation
Rebate: $1.70 per Square Foot | |
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Max Rebate | N/A |
Avg. Lifetime Savings | $4000 |
Avg. Lifespan (Years) | 20 - 50 |
The information provided on this site is for general informational purposes only and is not intended to be legal, financial, or tax advice.
The Inflation Reduction Act includes a heat pump air conditioner/heater rebate program to encourage the adoption of energy-efficient and environmentally friendly heating and cooling systems. The details of the rebate program vary depending on the income level of the household:
The Inflation Reduction Act 25C is a tax credit program designed to incentivize residents in Connecticut to invest in energy-efficient heat pump air conditioners/heaters. Under this act, households can claim a 30 percent tax credit for the purchase and installation of heat pumps and heat pump water heaters. The credit is capped at $2,000 per year. The tax credit provided by 25C is reset every tax year, allowing households to claim the credit again for additional projects. This means that if a household installs multiple qualifying heat pumps or heat pump water heaters in different years, they can claim the tax credit for each installation.
In addition to the tax credit for heat pumps, 25C also includes a separate tax credit of 30 percent, up to $600, for upgrading the electrical panel. However, to be eligible for this credit, the electrical panel upgrade must be done in conjunction with another upgrade covered by 25C, such as the installation of a heat pump. Therefore, it might be advantageous for homeowners to consider both upgrades simultaneously to take advantage of the tax credit. Overall, the Inflation Reduction Act 25C aims to promote energy efficiency and the adoption of environmentally friendly heating and cooling systems by offering tax incentives to Connecticut residents who invest in heat pump air conditioners/heaters and related upgrades.
Upgrading to a heat pump air conditioner/heater in Connecticut offers several advantages:
By upgrading to a heat pump air conditioner/heater in Connecticut, homeowners can enjoy energy savings, reduced carbon emissions, improved comfort, and enhanced indoor air quality. It is important to consult with professionals and consider eligibility for any available rebates or incentives to maximize the benefits of the upgrade.
The average initial cost for a Heat Pump Air Conditioner/Heater in Connecticut will depend on several factors, including the size and complexity of your home, the type and model of the heat pump system, and any additional installation costs. On average, homeowners can expect to pay between $8,000 and $35,000 for a Heat Pump Air Conditioner/Heater system before incentives.
The lifetime savings for upgrading to a Heat Pump Air Conditioner/Heater will depend on several factors, including the size of your home, your current heating and cooling systems, and your energy usage habits. However, on average, homeowners can expect to save between $1,000 and $2,000 per year in energy costs by upgrading to a heat pump. Over the course of the system’s 10-15 year lifespan, this could result in savings of $10,000 to $30,000 or more.
Energize CT Rebate: $1250 per Ton | |
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Max Rebate | $15000 |
Avg. Lifetime Savings | $15000 |
Claim up to $15,000 combined incentives for qualifying air source heat pumps. Energize CT heat pump rebates are based on equipment size (tonnage).
Looking to maximize your Heat Pump Air Conditioner/Heater 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).
Rebate: $1.70 per Square Foot | |
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Max Rebate | N/A |
Avg. Lifetime Savings | $4000 |
Avg. Lifespan (Years) | 20 - 50 |
Rebate: $100 per Unit | |
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Max Rebate | N/A |
Avg. Lifetime Savings | $10000 |
Avg. Lifespan (Years) | 20 - 30 |
Rebate: $1250 per Ton | |
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Max Rebate | $15000 |
Avg. Lifetime Savings | $50000 |
Avg. Lifespan (Years) | 25 - 50 |
Rebate: $85 per Unit | |
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Max Rebate | N/A |
Avg. Lifetime Savings | $565 |
Avg. Lifespan (Years) | 9 - 10 |
Rebate: $300 per Unit | |
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Max Rebate | N/A |
Avg. Lifetime Savings | $2000 |
Avg. Lifespan (Years) | 18 - 20 |
Rebate: $650 per Unit | |
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Max Rebate | $650 |
Avg. Lifetime Savings | $1550 |
Avg. Lifespan (Years) | 18 - 20 |
Rebate: $750 per Unit | |
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Max Rebate | $750 |
Avg. Lifetime Savings | $20000 |
Avg. Lifespan (Years) | 18 - 20 |
Rebate: $750 per Unit | |
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Max Rebate | $750 |
Avg. Lifetime Savings | $4000 |
Avg. Lifespan (Years) | 10 - 12 |
Rebate: $300 per Unit | |
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Max Rebate | $300 |
Avg. Lifetime Savings | $1500 |
Avg. Lifespan (Years) | 10 - 11 |
Rebate: $35 per Unit | |
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Max Rebate | $35 |
Avg. Lifetime Savings | $4800 |
Avg. Lifespan (Years) | 10 - 15 |
Rebate: $1250 per Ton | |
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Max Rebate | $15000 |
Avg. Lifetime Savings | $15000 |
Avg. Lifespan (Years) | 15 - 20 |