Could a heat pump really save you money this winter?

Thanks to money-saving incentives up to $8,000 courtesy of the Inflation Reduction Act, heat pumps are an increasingly appealing way for people in the U.S. to heat and cool their homes.

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First, what is a heat pump?

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A heat pump doesn’t burn fuel to create heat like a furnace does, rather it moves heat from the outdoors into your home in the winter.

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How do heat pumps save money?

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Heat pumps are better for the environment because they do not directly burn fossil fuels to create heat.

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[{"selector":"#anim-786b55f3-de9c-4e4b-95e6-5c3e4f0703c0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d00bc4b2-4e86-4c16-8514-9a5c9e581c4e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ecead7b2-c0ac-43c7-b386-aa94bebace87","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d5f1d7bd-cf6e-4cb5-8702-18287a28aaf1","keyframes":{"transform":["translate3d(0px, 99.16371%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] 7 Michelin-star recipes you can make at home The world’s most expensive foods

Could a heat pump really save you money this winter?

Thanks to money-saving incentives up to $8,000 courtesy of the Inflation Reduction Act, heat pumps are an increasingly appealing way for people in the U.S. to heat and cool their homes.

First, what is a heat pump?

It keeps your home comfortable by moving warm air into your home in the winter — and out of your home in the summer.

A heat pump doesn’t burn fuel to create heat like a furnace does, rather it moves heat from the outdoors into your home in the winter.

What’s the difference between a furnace and a heat pump?

How do heat pumps save money?

Heat pumps don’t burn fossil fuels to create heat, so they reduce your monthly gas bill.

Heat pumps are better for the environment because they do not directly burn fossil fuels to create heat.

Are heat pumps good for the environment?

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Finding a financial advisor doesn’t have to be hard. SmartAsset’s free quiz matches you with fiduciary financial advisors in your area or who serve your area. If you are ready to be matched with financial advisors that can help you achieve your financial goals, take the quiz now.

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