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Homeowners may qualify for an HVAC tax credit if they install an ENERGY STAR®-certified HVAC system that exceeds the energy efficiency minimum standards:

• Split-System AC: 16 SEER2

• Packaged AC: 15.2 SEER2 and 11.5 EER2

• Ducted Split Heat Pump: 15.2 SEER2, 7.8 HSPF2, and 11.7 EER2 

• Packaged Heat Pump: 15.2 SEER2, 7.2 HSPF2, and 10.6 EER2

• Mini-Split System: 16 SEER2, 9 HSPF2, and 12 EER2

You can claim up to 30% of the cost of the job, subject to maximums.

Some types of electric fireplaces use more electricity than others. Models that produce 1,500 watts will have more of an effect on your heating bill than 750-watt models. 

Electric fireplaces use an average of $1.85 of electricity every eight hours. These minimal operational costs aren’t likely to make a big difference in your electric bill—unless you’re using it as a primary heating source for your home and it’s running most of the time.

Leaving lights on raises the electric bill, but not as much as having high-wattage light bulbs. The best way to save on electric costs is to swap your light bulbs to LED or CFL bulbs that use far fewer watts. You can also use smart lights and light switches to control usage via a smartphone or voice-controlled device.

Energy output depends on turbine size, average wind speed at your site, and system efficiency. A 5 kW turbine in a good wind location can generate 8,000 to 12,000 kilowatt-hours per year, which may cover a large portion of an average home’s needs. Accurate output estimates require a professional wind assessment and a review of your household’s energy usage patterns.