A marketing expert who specializes in assisting companies that boost energy efficiency in buildings told a webinar audience that contractors should get ready to use Inflation Reduction Act consumer incentives, even if the money is not yet in place.
The money, through the Inflation Reduction Act’s Home Electrification and Appliance Rebates program, is for direct-to-consumer rebates for the purchase of qualifying high-efficiency HVAC equipment, including up to $8,000 for a heat pump.
As heat pump technology advances and begins its march into colder climates, industry experts are expecting rooftop units to continue to gain popularity in both new construction and retrofits.
The Florida Legislature’s budget plan for the next fiscal year reinstates federal rebate money for high-efficiency home HVAC equipment and energy-saving upgrades. The governor’s office said he is reviewing the budget.
There are numerous factors for this trend, including energy efficiency, government incentives, and technology improvement. But HVAC contractors are still the boots on the ground in this electrification mission.
Industry experts are telling contractors to stay informed and get involved with the new regulations that are likely to impact everyone this coming year
While the installation of heat pumps may seem to be slowing due to inflation and rising interest rates, coupled with a confusing rollout of federal funding, they are expected to pick up speed this year.