Air Source Heat Pump Fact Sheet
How Heat Pumps Work
- Air source heat pumps extract and move heat, rather than generating heat
- Air source heat pumps move heat in both directions – either indoors or outdoors, depending the season
- Air source heat pumps replace both heating and cooling systems
- Look for “cold climate” heat pumps which perform better in cold regions
- Air source heat pumps are more efficient than gas furnaces and typically cost less to operate
- Air source heat pumps run on electricity
Federal Incentives
- Federal tax credit of 30% of the cost to purchase
and install a heat pump, up to $2,000 (Eligible models from EnergyStar) - Beginning in 2024, state rebate of up to $8,000 of the cost to purchase and install a heat pump for low and moderate income households
- ComEd discount up to $2,000 with eligible
distributor