A heat pump is an energy efficient way to heat and cool your home. Heat pumps don’t generate heat, but instead they transfer heat. During the colder months, a heat pump works by taking heat from the outside of your house and concentrating it to heat the inside of your home. And during the warmer months, heat pumps transfer the warm air from inside of your home and move it to the outside of your house. A heat pump uses all electricity as a means of energy consumption, so they are very energy efficient. They can also be paired with a gas furnace to create a hybrid heating system that allows you to have flexibility with gas or electricity heating capabilities.
Years ago, heat pumps were not very popular in the northern states because they struggled to keep up in really cold temperatures. However, technology advancements have come a long way and now many heat pumps have the capability to heat your home efficiently well into freezing temperatures. When it comes to cooling your home during the hot humid months in Minnesota, heat pumps are designed to help dehumidify your home to make it more comfortable.
In 2022, the federal government initiated the Inflation Reduction Act which incentivizes homeowners to make energy efficient home improvements and in return, receive substantial tax credits. Heat pumps are included in these tax credits. More information about the federal tax credits can be found here.