This is exactly the kind of thing government is for, even though it's missing the other half: subsidies. At the very least buying heat pumps for the next 5 years should be tax deductible. Even better: a $2000 or similar rebate.
> even though it's missing the other half: subsidies
It's a double edged sword. In my country everyone bought pellet stoves because of the subsidies, hundreds of companies popped up, now that the subsidies have been phased out, 90% of the companies went down, with their support and warranties of course. The 10% that managed to survive increased their prices, which is easy to do once 90% of your competitors went bust
People who thought they'd save money by having the government (their taxes really) pay the bill are waking up 5 years later with expensive maintenance, the first units are starting to fail and need to be replaced but they can't afford it without the 50%+ subsidies. Not to mention that the prices pellets goes up and down faster than your average shitcoin.
Energy property - Heat pumps and biomass stoves and boilers
Heat pumps that meet or exceed the CEE highest efficiency tier, not including any advanced tier, in effect at the beginning of the year when the property is installed, and biomass stoves and boilers with a thermal efficiency rating of at least 75% qualify for a credit up to $2,000 per year. Costs may include labor for installation.
Qualified property includes new:
Electric or natural gas heat pumps
Electric or natural gas heat pump water heaters
Biomass stoves and boilers
These are credits that only work if you have owe federal taxes and they cannot be carried forward. I've seen estimates that 40-45% of taxpayers owe 0 or close to 0.
I can't edit it anymore, but I've since learned that Republicans accelerated the expiration on these credits from 2030 to 2025 so they are no longer available. Passed it in the OBBB.
The problem is, energy use is only one part of the equation. Often times new appliances that are more efficient end up being more prone to breaking due to more complexity and companies trying to cut costs to meet a price point. This leads to people needing to replace there appliances much more often which really makes me question how much energy is actually saved if you include the energy used to produce them...
lm28469|29 days ago
It's a double edged sword. In my country everyone bought pellet stoves because of the subsidies, hundreds of companies popped up, now that the subsidies have been phased out, 90% of the companies went down, with their support and warranties of course. The 10% that managed to survive increased their prices, which is easy to do once 90% of your competitors went bust
People who thought they'd save money by having the government (their taxes really) pay the bill are waking up 5 years later with expensive maintenance, the first units are starting to fail and need to be replaced but they can't afford it without the 50%+ subsidies. Not to mention that the prices pellets goes up and down faster than your average shitcoin.
rayiner|29 days ago
amazingman|29 days ago
DangitBobby|29 days ago
hnburnsy|29 days ago
DangitBobby|26 days ago
seiferteric|28 days ago