Best Home Energy Rebates and Tax Credits for 2024

We analyzed top picks from leading reviewers to find the best for every need
Published: April 10th, 2024

💰With energy costs rising and more of us becoming environmentally conscious, making your home more energy-efficient is a smart move. In 2024, there are plenty of rebates and tax credits to help make these upgrades easier on your wallet. We've rounded up the best options to help you save money while making your home greener.

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Overall Best: Heat Pump for Space Heating and Cooling

Klimaire 15,000 BTU PTAC Heat Pump A/C R-32 Wi-Fi Enabled with 3.5kW Electric Heater, Remote, Sleeve, Grille, Drain Kit - 230V 15,000 BTU 3.5kW

Our top pick for 2024 is the Heat Pump for Space Heating and Cooling. This system excels by providing both heating and cooling in a highly efficient manner, which can significantly reduce your energy bills. What makes this option even more appealing is the substantial rebate available through the High-Efficiency Electric Homes and Rebates Act (HEEHRA). Qualifying households can receive up to $8,000, which can cover up to 100% of the installation costs for some. On top of that, you can benefit from federal tax credits worth up to $2,000 per year. This investment not only saves money but also supports a greener environment.

Lowest at any Popular Retailer
$919.00 at Amazon

More Answers

Still curious about the Klimaire 15,000 BTU PTAC Heat Pump A/C? Here are some answers you might find interesting:

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How loud is the Klimaire 15,000 BTU PTAC Heat Pump A/C during operation?
Wondering how noisy the Klimaire 15,000 BTU PTAC Heat Pump A/C is when it's running? From what we found, this model falls into a moderate noise category for units like these. It's not as quiet as a mouse, but it's manageable for most people, especially in homes or hotels. Our research shows that folks generally find the noise level to be alright. Of course, no air conditioner is completely silent, but it gets the job done without being too distracting. Just keep in mind that noise perception can vary from person to person, but overall, people say it's not really a problem during everyday use. While we're talking about it, the Klimaire has a neat Wi-Fi feature. With the NetHome Plus app, you can control it from your smartphone, which is super handy for setting the perfect temperature before you even walk through the door. So, while it isn't totally silent, the noise level seems to be comfortable enough according to our data. Plus, its added features like remote control and multiple functions—cooling, heating, fan-only, and dehumidifying—make it a solid choice for year-round use.
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Is the Klimaire 15,000 BTU PTAC easy to install as a DIY project?
So, if you're thinking about installing the Klimaire 15,000 BTU PTAC unit yourself, there are a few things you might want to consider. These units are generally installed through a wall, so it's a bit more involved than just popping a window unit in. According to the manufacturer's description, it can be a bit challenging, especially if you're new to this kind of thing, because you'll need to secure the unit properly, insulate it, and safely deal with electrical connections. From our research, folks who are handy with home improvement and have some experience with similar installations find the main part pretty straightforward. However, the trickier bits like electrical wiring and making sure everything's sealed up right require some precision and know-how. So, if you've got a bit of experience under your belt, you might be okay tackling this on your own. You'll want to have some tools like a drill, a level, measuring tape, and perhaps a saw ready to properly fit the unit into your wall. And don't forget to check any local building codes about installing A/C units through walls, just to be sure you're following the rules. While features like the unit's energy efficiency or environmental refrigerant are great, they don't really make the installation any easier. If you're confident in what you're doing and have tackled similar projects before, you might enjoy taking this on. But if any part of the installation gives you a headache or seems beyond you, getting a pro's help could be a good idea. They'll make sure everything's safe and set up right, which is definitely worth it. In the end, it's a rewarding DIY project if you're comfortable and skilled with tools and home installations, but calling in a pro can give you peace of mind in terms of safety and functionality.
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What is the heating performance of the Klimaire 15,000 BTU PTAC in cold weather?
The Klimaire 15,000 BTU PTAC does a solid job heating in cold weather, thanks to its 3.5kW electric heater. It's got the power to keep a large room warm, so it's pretty handy if you're using it in a place like a hotel, a nursing home, or even just a bigger room at home. If you're into tech, you'll probably like that it comes with built-in Wi-Fi. You can connect it to the NetHome Plus App on your phone, which lets you tweak the temperature, set up schedules, and check on energy use no matter where you are. That's especially nice when it's freezing outside. From what we found, people generally enjoy these features for making things easier and comfier, but the setup process isn't always smooth. Some folks mentioned that the instructions aren't super clear, which could make installing it yourself a bit tricky. But, on the positive side, the tech support seems to be really helpful if you run into any issues during installation. The pairing of the Wi-Fi with a remote control gives you quite a bit of flexibility in managing the temperature, which is great when you need to control the heating in different rooms. All in all, the Klimaire unit is pretty reliable for heating when it's cold out, with its strong heater and smart features. Setting it up might take a bit of effort, especially if you're not used to installing this kind of thing, but the ability to control it remotely is a nice plus if comfort is a priority for you in the winter months.
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Runner-up: Heat Pump Water Heater

The Heat Pump Water Heater is our runner-up, offering up to 75% greater efficiency compared to traditional water heaters. This translates into significant energy savings over time. Eligible households can take advantage of rebates up to $1,750, making the initial cost much more manageable. Additionally, federal tax credits of up to $2,000 per year further enhance its affordability. This energy-efficient upgrade is an excellent choice for homeowners aiming to reduce their energy consumption without compromising on performance.

Lowest at any Popular Retailer
$2,795.75 at Amazon

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Budget Pick: Electrical Panel Upgrade

Square D by Schneider Electric HOM612L100SCP Homeline 100 Amp 6-Space 12-Circuit Indoor Surface Mount Main Lugs Load Center with Cover

On a tight budget? The Electrical Panel Upgrade is our top budget-friendly pick. This crucial upgrade is often a prerequisite for further energy-efficient improvements in your home. Qualifying households can receive rebates up to $4,000, covering up to 100% of costs for those with lower incomes. Additionally, you may be eligible for a federal tax credit worth up to $600 per year. This makes the Electrical Panel Upgrade an affordable and essential step towards increasing your home's energy efficiency.

Lowest at any Popular Retailer
$28.98 at Amazon

Specific Pick: Home Insulation, Air Sealing, and Ventilation

Adjustable Window Insulation Kit 47inX63in(120X160cm) for Winter Keep Cold Out,cuttable Transparent Film 180㎛ Thickness,Easy to Open for Ventilation,Reusable Plastic Window wrap 47"X63" (120X160cm)

If improving your home's overall energy performance is your goal, consider investing in Home Insulation, Air Sealing, and Ventilation. These enhancements can lead to substantial energy savings, potentially reducing heating and cooling costs by up to 15%. Eligible households can receive rebates up to $1,600, covering up to 100% of costs for lower-income homes. Proper insulation and sealing not only create a more comfortable living environment but also make your home significantly more energy-efficient.

Lowest at any Popular Retailer
$15.32 at Amazon

Specific Pick: Electric Heat Pump Dryer

For those looking to upgrade their household appliances, the Electric Heat Pump Dryer is a fantastic option. More efficient than conventional dryers, this appliance is both ventless and energy-efficient, making it versatile for various installation scenarios. Households eligible for rebates can receive up to $840, covering up to 100% of the costs for low-income applicants. This makes the Electric Heat Pump Dryer a smart and economical choice for those looking to enhance their home's energy efficiency.

Lowest at any Popular Retailer
$999.99 at Amazon
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