> The good news is that since we have started investing in and incentivizing heat pump technology
Yes, good tax news for those who own their house and can afford discretionary purchases. Also good news for those who peddle increased govt debt.
Described differently, heat pump and ElectrifyTodayCorp lobbyists had Congress write tax incentives for their businesses which are funded by taxes on working class that are renters or can't afford to replace their existing functional furnace.
Are these tax credits meant to encourage people to replace functional equipment with different types, or are they meant to encourage people to replace broken equipment with a different type? (Or to encourage new construction to use a different type than typical)
Often, for light users, the payback time for switching to a more efficient heat system is longer than the expected lifetime of a new system, so it only makes sense to consider it when the current heating system is broken or when the current cooling system is broken, since a new heat pump could replace heating and cooling.
It's potentially different if you're a heavy user of heating.
Yes, good tax news for those who own their house and can afford discretionary purchases. Also good news for those who peddle increased govt debt.
Described differently, heat pump and ElectrifyTodayCorp lobbyists had Congress write tax incentives for their businesses which are funded by taxes on working class that are renters or can't afford to replace their existing functional furnace.