If you want to go green at home, there’s no better technology than the HotSpot Energy solar air conditioners. These are heat pumps that connect directly to solar panels and your home’s grid (or fuel cell) for energy savings on your heating and cooling bill.
Well, they also happen to correlate perfectly with big tax breaks for both heat pumps and solar panels. Let’s see how much you can save!
US Federal Tax Incentives
Recently, the federal tax rebate on any new solar installation on your home was 26% of the installation costs. However, as of August 2022, the tax rebate is 30%, valid through 2032.
More importantly, this rebate was extended to include heat pumps, fuel cells, and other green technology. Fortunately, this is perfect for anybody interested in solar heat pumps, especially if you plan to use fuel cells to store energy.
If you don’t know a lot about fuel cells, they are a great way to reduce your grid dependence at home. Installing a fuel cell will store your solar energy and save money during peak energy hours. It will also allow you to run your heat pump at night without worrying about harmful emissions. The best part is that you could also receive a 30% rebate on the upfront cost!
Essentially, buying a HotSpot Energy solar air conditioner will save you money on your utility bills, carbon emissions, and taxes. It’s a win-win-win.
State Tax Incentives
State incentives can be even more rewarding, depending on where you live. For example, Massachusetts offers up to a $1200 rebate on new heat pump installations and a 15% rebate on solar panels. Combined with the federal rebate, that’s 45% returned on your solar panels and potentially more than 75% of the cost of the HotSpot Energy solar heat pump.
However, these savings vary widely between states, so it’s best to check your state’s regulations for more information. In some cases, cities and other municipalities may offer similar incentives, so don’t forget to look!
Canadian Tax Incentives
Unfortunately, Canadians don’t have a major tax incentive for installation, but you can receive up to a $1,000 grant for the purchase of new heat pumps. However, there are still ways to save on your green energy investments in Canada!
In Canada and most US states, you will also receive energy rebates for the electricity generated by your solar panels. Remember that this is only if your panels are connected to the grid! However, Canadians can receive up to $5,000 per year on energy rebates, and similar rebates are found around the US.
Buy a HotSpot Energy Today
The only downside (literally) of buying a HotSpot Energy solar heat pump is the upfront cost. Thanks to new legislation, those costs are almost completely offset by tax incentives for homeowners like you. This investment will immediately translate to savings on your utility bill, and you’ll receive most of it back on your taxes!
Stay up to date with our latest product news, and buy a HotSpot Energy solar AC today with free shipping and a price match guarantee!