Nine states including California, Colorado, Maine, Maryland, Massachusetts, New Jersey, New York, Oregon, and Rhode Island have collectively committed to aiming for electric heat pumps to make up 90% of residential heating, air conditioning, and water heating sales by 2040.
What is a heat pump?
Heat pumps are an energy-efficient alternative to traditional furnaces and air conditioners, suitable for all types of climates.
Like a refrigerator, heat pumps use electricity to transfer heat from a cooler area to a warmer one, effectively cooling the former and warming the latter. In the heating season, heat pumps extract heat from the outdoors to warm indoor spaces, while during the cooling season, they remove heat from indoors to cool the surroundings.
This process of transferring heat rather than generating it enables heat pumps to efficiently maintain comfortable temperatures within homes.
Modern heat pumps can lower your electricity consumption for heating by around 65% when compared to electric resistance heating methods like furnaces and baseboard heaters.
Heat pumps will help decrease the dependence on oil and gas for home heating, especially in colder climates like the Northeast.
How would this affect your current and future electric contracts? – send us a message today!