Residents of Massachusetts can receive up to $16,000 in rebates for installing energy-efficient heat pump mini-splits, which can effectively combat extreme winters and high energy costs.
Heat pump mini-splits are a heating and cooling system comprising an outdoor unit and one or more indoor units. They transfer heat from the outside air to the inside of a home during the winter and from the inside to the outside during the summer. They are highly efficient, with some models boasting SEER (Seasonal Energy Efficiency Ratio) ratings of up to 21.
The Massachusetts Clean Energy Center (MassCEC) offers rebates of up to $16,000 (income qualified) for residents installing heat pump mini-splits in their homes. The rebates are available for new construction and retrofit projects and are intended to help offset the cost of the equipment and installation.
To qualify for the rebate, residents must meet certain requirements. For example, the system must be installed by a MassCEC-approved contractor and the equipment must meet certain efficiency standards. Additionally, the system must be used as the home's primary heating and cooling source.
The rebates are available on a first-come, first-served basis, so residents need to act quickly to take advantage of this opportunity. The rebates are also subject to funding availability, so it's a good idea to check with your NuWatt Energy Sales Consultant for the latest info.
Installing a heat pump mini-split in your Massachusetts home can help you save money on your energy bills (based on program eligibility). As a result of the switch, you can increase your home's comfort and reduce your carbon footprint. With the added incentive of a federal rebate of up to $16,000, now is the perfect time to make the switch.
It's worth noting that in addition to the rebates, the MassCEC also offers financing options for homeowners and businesses to help them afford the cost of a heat pump mini-split system. This includes the Mass Save HEAT loan, a low-cost, long-term loan for energy-efficient home improvement projects.
Effective in 2023, the Nonbusiness Energy Property Credit was signed into effect nationally. This will allow you to deduct 30 percent of the system costs (including labor) from your taxes, up to $2,000 – an annual credit instead of a one-time credit that will last until 2033.
In addition, your heat pump water heater could be eligible for up to $1,750 in state-administered High-Efficiency Electric Home Rebates. However, this might depend on the rebates already available in your state. The federal government has not yet announced if you’ll be able to receive both federal and state rebates, but it’s possible you could as long as the federal government doesn’t fund your state’s program. Your eligibility for the full amount will also depend on the following income requirements:
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- Fully eligible: your household income is less than 80 percent of your state’s median household income.
- Eligible for 50 percent of the rebates: your household income is 80 to 150 percent of your state’s median income.
- Ineligible: your household income is over 150 percent of your state’s median income.
With the added incentive of rebates and financing options, now is the perfect time to switch to a heat pump mini-split system.
