Saving money with heat pumps

Already, heat pumps are a no-brainer for Maryland residents who rely on inefficient electric heat or delivered fuels like heating oil and propane, offering up to $1,500 in energy savings each year. Households that upgrade from gas furnaces and water heaters to efficient heat pumps also see modest savings.  

But there’s more Maryland can do to make heat pumps more affordable. Rebates, incentives, innovative technology like window heat pumps and fairer electric rates can all work to unlock greater savings from this highly efficient electric equipment for all households. We’re exploring how fairer electric rates for heat pumps can bring energy costs down for Maryland households.