COST OF INSTALLATION
The average cost of an installed ductless heating and cooling system with a single indoor heating/cooling zone is between $3,000 and $5,000. Additional heating zones and greater heating capacities will increase the cost of the system. Other factors that will affect the cost of an installed system include manufacturer and model, refrigerant line-set length, difficulty of installation, and contractor rates. Click HERE to contact a qualified local installer who can provide an estimate.
ANNUAL ENERGY SAVINGS
The Regional Technical Forum’s (RTF) provisionally deemed energy savings estimates that a ductless heating and cooling system in a single-family home with zonal electric heat saves 3,500 kWh annually. Using an average cost/kWh in the Northwest ($0.08), upgrading to a ductless heating and cooling system as a primary heat source can save approximately $280 per year.
INCENTIVES & REBATES
Many utilities in the Northwest offer customers cash rebates as high as $1,500 when upgrading an existing electric resistance heating system to a ductless system. Interest-free financing may also be available. Check with your local utility for details.
To view a listing of utility incentives that may be available in your area, click HERE.
Federal Tax Credits & Additional Incentives:
Residential energy tax credits for high efficiency heating, cooling and water heating equipment, previously unavailable in 2012, are retroactively reinstated to apply to any qualified equipment purchased from Jan. 1, 2012 to Dec. 31, 2013. For more information and qualified ductless heat pumps, click here.
Montana: The Montana Energy Conservation Installation Credit provides a tax credit for 25% of the cost of a ductless heating and cooling system with a maximum credit of $500 per individual; up to $1,000 for a married couple filing jointly. For more information, visit Montana's State website.
Oregon: The Oregon Department of Energy updated its residential energy tax credit rules, effective Jan. 1, 2013. Qualified equipment is potentially eligible for a $350 to $1,500 tax credit. To review qualified equipment and incentives for ductless heat pumps, click here.
A database of State Incentives for Renewables & Efficiency can be found at: http://dsireusa.org/