The Non-Business Energy Property Tax Credits were retroactively extended through the end of the year. That means you could save 10% of cost up to $500 (or an amount between $50 and $300) if you install a ductless heat pump or mini-split system before December 31, 2020!*
Why Choose a Ductless Heat Pump?
- They provide both heating and cooling through a single device—a heat pump.
- Instead of difficult-to-install, leaky, and bulky ductwork, ductless mini-split heat pumps use an indoor unit connected to an outdoor unit via refrigerant lines, which only need a three-inch hole in an outdoor wall for installation. Up to eight indoor units can be attached to one outdoor unit.
- They allow for different climates in each room. Each indoor unit can provide customized heating and cooling in each conditioned space, adjustable through wall consoles, remote controls, and smart phone apps.
- Ductless heat pumps cut heating costs in half. Because they transfer heat instead of generating it, they use 60% less energy than standard home electric resistance-based heating systems.
- They cut cooling costs by 30% compared to conventional room air conditioners.
*Unit must be installed in an existing home and your principal residence. New construction and rentals do not apply. If you think you may qualify for this tax credit, consult your tax advisor for assistance.