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Energy saving heat pumps have begun to bump gas and heating oil out of the home energy picture, and industry stakeholders are determined to keep the momentum going. In the latest development, the up-and-coming heat pump startup Quilt has joined forces with the energy hub Palmetto to evaporate the up-front cost of installing the equipment.
Busting Through The Heat Pump Clutter
Despite the heat in their name, heat pumps can cool as well as heat, running on electricity instead of traditional HVAC systems that run on gas or heating oil. They are also more energy efficient than conventional baseboard electric heating systems. However, in past years they were not particularly suitable for use in cold climates, limiting their uptake in many parts of the US.
That changed during the Biden administration, after a group of legacy manufacturers participated in a federally funded program aimed at improving the performance of heat pumps in cold climates. The effort was a rousing success, opening up vast new swaths of the US to heat pumps and sending sales through the roof.
