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Heat Pumps: Can You Save on Home Cooling and Heating?

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Heat pumps can keep your home cozy in the winter and — despite their name — cool your home efficiently in the summer. You can save up to $2,000 with federal tax credits by installing a heat pump, and some states and utilities provide additional incentives. But should you install a heat pump or make do with your current HVAC system? 

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I talked to homeowners in cold climates like Maine to see if they effectively heat in the deep cold. And I was surprised to learn that some historic homes can stack heat pump incentives for a tidy tax credit or rebate.