Energy-efficient heat pump technology increases the value of homes in the U.S. - Expo @ E2Expo
Heat pumps are an energy-efficient technology that may replace furnaces or boilers as well as provide air conditioning, especially as the demand for cooling increases with record high temperatures every year.
People are willing to pay more for a house with energy-efficient technology, therefore policymakers should leverage this to incentivize the adoption of heat pumps and ultimately drive down emissions across the U.S.
It can reduce emissions in the electricity sector and increase the value of the average American household by as much as 7 percent.
Pengfei Liu - Assistant Professor of Natural Resource Economics
Lucy (Yueming) Qiu - Associate Professor
University of Rhode Island - Know more