IRA, passed in both houses of Congress and signed into law by President Joe Biden August, includes number of HVAC-related efficiency incentives billed as ways to curb greenhouse gas emissions and thus combat climate change.
Details of the rebate programs, are expected to take months to work out, and for eligible household, the rebate for heat pump for both heating and cooling could be as high as $8,000..
Kuntz is CEO of Mitsubishi Electric Trane HVAC U.S., or METUS, which manufactures inverter-compressor heat pumps and related equipment...
Kuntz said IRA's incentives are for products that include METUS makes, and that similar incentives in the past, or utility, have boosted the company's sales..
At Emerson, officials are expecting nice tailwind from IRA's incentives, said Martin Leslie, president of residential marketing in HVACR Technologies business...
Emerson makes Copeland brand compressors and company officials said IRA's incentives could reduce or eliminate the increased cost of upgrading to efficiency two-stage or variable-speed heat pump system, rather than purchasing more traditional fixed-speed system...
Jennifer Butsch, director of regulatory affairs at Emerson's HVACR Technologies, said lot will depend on how the rebate programs, are designed.
While he agreed that IRA's incentives could boost sales of some products, James said details of the rebate programs could take years to finalize, and he suggested that political differences could shape those programs, that are linked to the industry or natural gas industry perhaps not even accepting rebate money..
James has worked government, including stint at Small Business Administration, and has to weigh the political realities when thinking about how IRA's incentives will play out...
James said ACCA is working with officials from HARDI and AHRI to reach common understanding of IRA's HVAC incentives, and plans to publish paper to clarify them for distributors, contractors, and consumers..
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