For Home
Stay warm when it's cold and cool when it's hot with Air Source Heat Pumps.
Get rid of pricey oil and propane with ReVision Energy's heat pump installation services. Heat pumps are cleaner, more energy and cost efficient, and with them in your home you can lock in a cost for fuel that is equivalent to paying around $1/gallon of heating oil.
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Modern heat pumps, which can cool your home in warmer months, are fundamentally more efficient than older technologies like baseboard heating and air conditioning – making them the most cost-effective form of heating and cooling, all in one system.
Heat pump installations are even more beneficial when paired with a solar system. Combining the two can lower your cost of heating to $0.84/gallon of heating oil.
Heat Pump Federal Tax Credit
Starting in January 2023, you can receive a 30% tax credit for heat pumps capped at $2,000 per year. The credit resets each tax year, effectively becoming available again for additional projects. You can also receive a 30% tax credit up to $600 for an electrical panel upgrade, but only if it’s upgraded in conjunction with another upgrade covered by the tax credit (like a heat pump).
Additionally, there are further credits for low-moderate-income households, thanks to the High-Efficiency Electric Home Rebate Act (HEEHRA). Home Energy Rebates under HEEHRA are not yet available, but we expect New England states to launch programs available to their residents in 2024.
For low-income households (under 80% of Area Median Income), HEEHRA covers 100% of your heat pump costs up to $8,000. For moderate-income households (between 80% and 150% of Area Median Income), HEEHRA covers 50% of your heat pump costs up to $8,000. Total HEEHRA discounts across all qualified electrification projects are capped at $14,000.