Soaring Car Premiums

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Soaring Car Premiums
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Here's why that's happening

Heating and cooling the air and water in our homes accounts for the biggest chunk of our household energy use — and bills. A heat pump is one way to save on energy while lowering greenhouse gas emissions at home.As the world heats up and we rely more on things such as air conditioning, we burn more of the same fossil fuels that are creating the problem in the first place.

“A heat pump is one of the ways to get to an all-electric house,” Pallrand said. Electrifying our homes is one of the biggest hurdles to unhooking from fossil fuels and relying more on cleaner energy sources such as wind and solar. But the good news is, all of us have at least some control over that.

, the average homeowner will save $370 per year by upgrading to a heat pump and homeowners switching from fossil fuel systems will save closer to $1,000 per year.found that replacing a gas furnace with a heat pump can reduce residential greenhouse gas emissions by more than 50%. If you can pair that electric heat pump with rooftop solar — and even battery storage — then you’re in a good spot for coping with our new climate reality and saving a ton on your bills, Pallrand said. If you live in an older home, like many of us do here in the Southland, you’ll likely have to upgrade your home’s electrical panel, or breaker box, before installing a heat pump, Pallrand said.

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