SUWANEE, Ga.--(BUSINESS WIRE)--Feb 10, 2025--
Mitsubishi Electric Trane HVAC US LLC (METUS), a leading supplier of all-electric, all-climate Ductless and Ducted Mini-split and Variable Refrigerant Flow (VRF) heat-pump and air-conditioning systems, announces the results of the latest Heat Pumps & Homeowners Index commissioned by it. According to a survey of more than 1,000 U.S. homeowners commissioned by METUS, heat pump ownership has increased among respondents since 2023. Ninety percent of respondents who owned a heat pump would recommend heat pumps to others.
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The Heat Pumps & Homeowners Index offers a snapshot of how survey respondents’ sentiments and experiences surrounding heat pump adoption evolved. (Photo: Business Wire)
The latest METUS Heat Pumps and Homeowners Index uncovered these findings. The survey offers a snapshot of more than 1,000 American homeowners’ sentiments and experiences around clean energy, specifically related to heat pumps, and their knowledge and usage of federal and state incentives for home improvements, including installing heat pumps.
Survey respondents who owned a heat pump shared their top three benefits of owning a heat pump system as greater energy efficiency (55%), better heating (41%), and greater cost savings (39%). Surveyed homeowners identified HVAC contractors and federal and state tax incentives as influences on their heat pump adoption. Specifically, 82% of homeowners surveyed with heat pumps said their HVAC contractor was “somewhat” or “very influential” in their decision to invest in one.
Energy costs and efficiency are top of mind for surveyed consumers, including those with conventional HVAC systems currently in place. Ninety-three percent of surveyed homeowners with conventional HVAC and furnace systems are to some degree concerned about utility bills. Eighty-eight percent of those surveyed believe heat pumps are more energy efficient than conventional heating and cooling systems.
Since date of the 2023 Heat Pumps & Homeowners Index, self-reported knowledge of heat pumps has increased, with 32% of 2024 respondents having a good understanding of what these systems are, compared with 23% last year.
“We continue to educate homeowners about the advantages heat pumps have over conventional HVAC systems,” said Mark Kuntz, chief executive officer, Mitsubishi Electric Trane HVAC US LLC. “As homeowners become more knowledgeable about the numerous benefits of heat pump technology, including potential tax credits, rebates, and energy efficiency, we believe they will increasingly install these all-electric, all-climate, sustainable HVAC systems in their homes.”
For more key findings from the latest Heat Pumps & Homeowners Index, click here.
About the Heat Pumps and Homeowners Index
The Heat Pumps and Homeowners Index, commissioned by METUS, polled more than 1,000 U.S. homeowners in November 2024. Of those who responded, more than 300 had a heat pump installed in their home. Respondents included all age groups (18 and older), regions, and genders. The margin of error for this Index is +/—3%, and the confidence level is 95%. The confidence level is the probability that the sample accurately reflects the attitudes of the population. The industry standard is 95%.
About Mitsubishi Electric Trane HVAC US LLC
Formed in May 2018, Mitsubishi Electric Trane HVAC US LLC (METUS) is a leading supplier of all-electric, all-climate Ductless and Ducted Mini-split and Variable Refrigerant Flow (VRF) heat pump and air-conditioning systems in the United States and Latin America.
A joint venture between Trane Technologies plc and Mitsubishi Electric US, Inc., the company provides innovative products, systems, and solutions capable of heating and cooling a broad range of applications, from a home to a large commercial building with superior efficiency, comfort, and control.
The family of brands supported by METUS includes: Mitsubishi Electric, Trane ® /Mitsubishi Electric, and American Standard ® /Mitsubishi Electric. More information is available at https://www.mitsubishicomfort.com/.
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KEYWORD: GEORGIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: RETAIL ARCHITECTURE OTHER ENERGY UTILITIES MANUFACTURING OTHER CONSTRUCTION & PROPERTY ALTERNATIVE ENERGY HOME GOODS RESIDENTIAL BUILDING & REAL ESTATE ENERGY COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY BUILDING SYSTEMS HVAC
SOURCE: Mitsubishi Electric Trane HVAC US LLC
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PUB: 02/10/2025 08:36 AM/DISC: 02/10/2025 08:36 AM
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