As the United States moves towards more energy-efficient and environmentally-friendly heating and cooling systems, heat pumps have seen a surge in popularity over the past five years. In 2022, heat pump sales overtook the sale of gas furnaces in the country, and we may end up looking back at 2023 as the tipping point for the widespread adoption of highly efficient electric heat pumps.

The Department of Energy recognized the pressing need for homeowners to make the switch to more efficient electric heating by investing $250 million in manufacturing heat pumps. New tax guidelines introduced under the Inflation Reduction Act offer tax credits worth up to $2,000 for qualifying heat pumps. Airbnb is offering its hosts in the state of Massachusetts a max of $2,500 worth of rebates to install a heat pump in their homes.