What Do Professional Heat Pump / Water Heater Installation Services Costs

Heat pumps offer a wide variety of benefits for Hillard homeowners and are becoming a more popular choice with new government tax benefits available. If you’re thinking about adding a heat pump to your home, look no further than the heating professionals at Eco! Our team of technicians are expertly trained with all the necessary tools, skills, and experience that is required to install a heat pump in your home correctly. You can count on Eco to never begin any work without your approval first and even provide you with a free cost estimate. Still unsure if a heat pump is right for your home? Check out the top benefits of Professional Heat Pump Water Heater Installation from Eco.

What Do Professional Heat Pump Water Heater Installation Services Cost?

The cost of Professional Heat Pump Water Heater Installation Services from Eco will vary depending on a number of factors. The best way to get the most accurate cost is to have an Eco expert come out to your home, assess your situation, walk you through your options, and provide you with a free cost estimate. Additionally, there are a ton of potential tax incentives as well as rebate opportunities thanks to the “green” nature of the heat pump.

A Heat Pump Water Heater is a type of water heater that uses electricity to move heat from the air or ground to heat water, rather than directly heating the water with electrical resistance elements or a gas burner.

Heat Pump Water Heaters work by extracting heat from the surrounding air or ground and transferring it to the water in the storage tank. They use a refrigerant cycle, similar to that of a refrigerator or air conditioner, to move heat from one location to another. The heat pump compressor increases the temperature of the refrigerant, which then releases the heat it has absorbed into the water tank.

The advantages of using a heat pump water heater include:

• Better energy efficiency
• Lower operating costs from less electricity use
• They can also help to reduce greenhouse gas emissions by using less fossil fuel-generated electricity

Overall, heat pump water heaters can be a good option for homeowners looking to save money on their energy bills and reduce their environmental impact. Contact the experts at Eco today for professional advice on your install before any work is done. You’ll know exactly what solution is best at an affordable cost for your heat pump water heater, that’s our guarantee!

Available Energy Efficient Equipment and Upgrade Tax Credits

Between 2023 and 2031, you will be able to claim 30% of the total cost of qualifying electrification projects as tax credits on your annual taxes. Depending on how much taxes you owe, your tax liability will either drop or you will receive a tax refund. As always, be sure to discuss with your personal tax consultant before committing to any major changes in your home. Qualifying heat pump upgrades include the following:

• Heat Pumps (2023 – 2031): All household income levels will receive 30% of the installation costs up to $2,000.
• Heat Pump Water Heater (2023 – 2031): All household income levels will receive 30% of the installation costs up to $2,000.

*Consult with your tax advisor for “Nonbusiness Energy Property Tax Credit” eligibility (IRS Form 5695).