According to Zonda Media’s 36th Annual Cost vs. Value (CVV) Report, the hottest remodeling trend is HVAC conversion, specifically replacing an oil or gas furnace with an electric heat pump suitable for that climate zone. According to the CVV report, in addition to being popular, switching to heat pumps also boasts an exceptionally high return of investment (104%).
In recent years, there has been a growing trend towards the electrification of homes. Based on the latest data from the Energy Information Administration, electricity has now become the primary residential energy source, overtaking natural gas. The data also shows that heating and cooling account for the largest portion of home energy conversion.
In fact, specifically in New England, an HVAC conversion project is the only renovation a homeowner could make that has a return of investment over 110%. In a list that includes garage door replacement, manufactured stone veneer, and a steel entry door replacement, HVAC conversion tops them all.
Call HIM Mechanical about converting your HVAC system to an electric heat pump: 508-697-5000