ComEd Launches New Resource to Help Customers Interested in Adding Heat Pump Technology at Home
09 October 2024 - 2:10AM
Business Wire
All new Go Electric website empowers customers
with information on how heat pumps work, lower energy bills and
reduce energy consumption year-round
As many homeowners consider a furnace tune up or replacement
ahead of the winter season, ComEd is unveiling an all-in-one
resource to help customers consider the benefits of switching from
traditional furnaces to electric heat pumps. The new Go Electric
site provides information to help customers consider the
benefits and options of switching to high-efficiency heat pumps,
pricing and incentives, how to locate trained contractors, and
other key information.
A heat pump acts as a reverse air conditioner, capable of both
heating and cooling your home all year round. Heat pumps work by
moving heat, rather than generating it by combustion, enabling a
cleaner and more efficient process.
“As our customers increasingly look toward clean energy
technologies, including heat pumps, ComEd is supporting them by
ensuring the grid is ready for more electrification, and by
providing a range tools to help ease the journey to a cleaner
future,” said Melissa Washington, Senior Vice President Customer
Operations and Strategic Initiatives at ComEd. “The Go
Electric site aims to empower customers with everything they need
to know about heat pumps – from information about how they work, to
cost savings, contractors who can help with installation and
discounts, and how to make the selection that will maximize their
energy usage.”
The new Go Electric site also provides user-friendly tips and
information for customers who are considering the benefits of this
technology for their home. To educate customers on the benefits of
heat pumps and home electrification more broadly, the new Go
Electric site offers customers the following tools:
- Heat pump 101 – customers can learn how heat pumps work
and how to integrate it at home
- Heat pump options – ducted vs. ductless, air source vs.
ground source and all-electric vs. dual-fuel
- A personalized savings calculator – customers can enter
details about their home and current utility arrangements in order
to calculate customized cost savings and environmental impact
estimates
- Incentives and financing – find information on ComEd’s
heat pump discounts, federal tax credits and financing options
- Contractor finder – locate a ComEd heat pump-trained
contractor to help unlock discounts and schedule a heat pump
installation
Heat pumps are growing increasingly popular as customers
consider an alternative to manage and reduce their overall energy
usage and lower carbon emissions as a means to achieve climate
targets for a cleaner future. Expanding rapid heat pump adoption is
also a key strategy for addressing the impact of climate warming
greenhouse gas (GHG) emissions, with heating and cooling one of the
largest sources of this pollution.
"Space heating is the largest use of energy in Midwestern homes
and offers the greatest potential for energy savings and
environmental benefits in our climate,” said Center for Energy
and Environment research engineer Ranal Tudawe. “With the Go
Electric site, ComEd's customers can learn how heat pumps can do
just that, with tools to estimate how they can save on energy bills
and carbon emissions, and resources to find trained contractors to
install the perfect system for their home."
Heat pumps can help local homeowners lower their carbon output
dramatically, with an Elevate Energy study finding that total
carbon emissions in Illinois could be reduced by 28 million tons by
2050, if 500,000 homes were to have electric heat pumps
installed.
“As we continue to advocate for clean, renewable energy
solutions, we’re excited to support the launch of ComEd’s new Go
Electric website," said Elevate CEO, Dr. Anne Evens. "This
one-stop shop resource portal empowers customers with the knowledge
they need to make informed decisions about switching to
high-efficiency electric heat pumps. By making this information
accessible, we can help individuals and communities take meaningful
steps toward reducing their carbon footprint, lowering energy
costs, and embracing a more sustainable future ."
Customers may also be attracted to electric heat pumps for the
energy-cost savings. The U.S. Department of Energy finds that a
heat pump could save customers as much as $500 a year. While cost
savings vary by customer, a personalized cost savings calculator
found on the new Go Electric website can be used to help customers
view estimated annual cost savings, and better understand the
factors that influence today’s heating and cooling costs - which
include age of housing, weatherization, current utility supplier
and fuel source, among others.
Heat pump demand is on the rise in ComEd’s service region,
thanks to the state’s Climate and Equitable Jobs Act (CEJA) and new
federal laws and programs, both aimed at expanding adoption of key
energy saving technologies. To help lower the upfront costs of heat
pump installation, ComEd expanded its own heat pump discounts,
providing up to $1,400 per customer for purchasing and installing a
new air source heat pump.
Last year ComEd saw a record level of uptake in its heating and
cooling incentive offerings, with over 5,000 heat pump discounts
awarded in 2023, and more than 10,000 discounts provided to
customers since 2021. Funding remains available for this year and
customers are encouraged to review the heat pump-trained contractor
list, and to meet with a contractor to help them qualify for ComEd
discounts that reduce the upfront cost on purchase and installation
of their heat pumps.
The new heat pump education tool is the latest example of how
ComEd supports customers with plans to move toward electrified
technologies. Earlier this year, ComEd launched nearly $90 million
in EV rebates for residential, business and public sector customers
to help lower the upfront cost of adding charging and EV fleet
vehicles. Additionally, ComEd in 2022 launched a Whole Home
Electric offering, putting $40 million forward to help low-income
customers upgrade their homes with energy-saving, all-electric
heating and cooling systems and appliances.
For more on heat pumps and how to go electric, please visit
ComEd.com/GoElectric. For more on ComEd’s range of clean energy
programs, please visit ComEd.com/CleanEnergy.
About ComEd
ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ:
EXC), a Fortune 200 energy company with approximately 10 million
electricity and natural gas customers – the largest number of
customers in the U.S. ComEd powers the lives of more than 4 million
customers across northern Illinois, or 70 percent of the state's
population. For more information visit ComEd.com, and connect with
the company on Facebook, Instagram, LinkedIn, X, and YouTube.
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