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Air Source Heat Pumps Tax Credit - Tulsa, OK

Mike Rampey ·

heat pumps in tulsa oklahoma

Air Source Heat Pumps Tax Credit - Tulsa OK

Determining the best heating method for your home in this area can be a challenge, since both heat pumps and combustion furnaces are viable choices for this climate. Weather throughout the winter tends to be mild, but there are times when the thermometer dips below freezing, which may influence your choice of the best heating method for your home and family.

These characteristics of each type of heating system might help you decide:

  • Heat pumps work well in this climate for both heating and cooling. They are an energy-efficient option. Heat pumps warm your home by extracting the heat from the outdoor air. They work well until the temperature falls below freezing. At this point, there is less heat in the air, so the appliance will have to work harder. However, high-efficiency heat pumps are available that work effectively at much colder temperatures. If you require an exceptionally warm house, even during milder weather, you may want to consider a gas or oil furnace as your best heating method.

  • The typical heat pump uses one unit of energy to provide three units of heat. A gas furnace or oil furnace never reaches such high efficiency, although high-efficiency systems can be 97% efficient, compared to 300% efficiency from a heat pump.

  • Heat pumps have a high degree of safety compared to a gas or oil furnace. Any time that combustible fuels are used indoors, there is a risk of carbon monoxide (CO) poisoning and fuel leaks.

  • A heat pump contributes to outdoor noise even in the winter. It uses the compressor inside the outdoor condenser to transfer heat in the same way it removes heat from your home in the summer. If you want a quiet yard in the winter, consider a furnace as your preferred heating method.

  • If you need to replace your air conditioner along with your heating method, it makes financial sense to choose a heat pump. 

    ENERGY EFFICIENT HOME IMPROVEMENT TAX CREDIT (25C) PROGRAM

    The previous Nonbusiness Energy Property credit (25C) for installing high-efficiency equipment was extended through 2022 and provides federal tax credits of up to $500.
    The amended Energy Efficient Home Improvement Credit (25C) begins in 2023 and extends through 2032. It increases the tax credit limits for high-efficiency equipment as follows:

    1. Eligible equipment includes:

      • Heat pumps and heat pump water heaters

      • Energy-efficient HVAC systems (including furnaces, boilers, and central AC)

    2. The 25C credit has an annual cap of $1,200 (except heat pump):

      • Up to $600 each for a qualified air conditioner or gas furnace, with an annual cap of $1,200

      • Up to $2,000 with a qualified heat pump, heat pump water heater, or boiler

    There are no income requirements for this tax credit, and it cannot be combined with other federal programs.

    WHO CAN USE THIS CREDIT?

    PRINCIPAL RESIDENCE OWNERS

    Must be an existing home & your principal residence. New construction and rentals do not apply.

    A principal residence is the home where you live most of the time. The home must be in the United States. It can include a house, houseboat, mobile home, cooperative apartment, condominium, and a manufactured home.

For professional advice about the best heating method based on your home and family, contact the pros at Air Assurance. We provide trusted HVAC services to Broken Arrow homeowners.