Mitsubishi Electric Trane HVAC US ready to help Americans cash in on heat pump incentives The Energy Information Administration (EIA) estimates, on average, space heating and air conditioning account for over half of an American household’s annual energy consumption as of 2015. Household-level decisions, including home and vehicle energy use, drive 40% of energy-related carbon Read more
Incentive Programs
Mitsubishi Electric Trane HVAC US ready to help Americans cash in on heat pump incentives
The Energy Information Administration (EIA) estimates, on average, space heating and air conditioning account for over half of an American household’s annual energy consumption as of 2015. Household-level decisions, including home and vehicle energy use, drive 40% of energy-related carbon emissions.
Many Americans can help reduce greenhouse gas (GHG) emissions while saving on operation costs and enjoying greater comfort control when they choose to use an all-electric, all-climate heat pump, like those from Mitsubishi Electric Trane HVAC US LLC (METUS), instead of an existing air conditioner or fuel-burning furnace. By doing so, U.S. households can contribute to a cleaner environment while keeping utility bills low.
The Inflation Reduction Act of 2022 (IRA), a new federal law, offers eligible Americans unprecedented opportunities to potentially save money on qualified heat pumps and home energy improvement projects with tax credits and rebates.
Mitsubishi Electric revolutionized the heat pump over twenty years ago with INVERTER-driven compressors and variable-capacity systems. The brand is ready to support this new stage of American energy guiding homeowners on the journey toward electrifying their homes.
What should U.S. consumers know?
- 98% of U.S. households could cut their carbon emissions by installing an efficient, all-electric heat pump.
- If all single-family homes in the U.S. adopted heat pumps, the total annual emissions reduction would be at least 160 million metric tons by 2032, the equivalent of taking 32 million cars off the road.
- Modern variable-capacity, all-climate heat pumps are designed to help conserve energy all year, reduce GHG emissions and lower operating costs.
- Homes in all climate zones can appreciate heating performance from a variable-capacity heat pump with hyper-heating capabilities.
- Hyper-heating, variable-capacity heat pumps are designed to provide reliable heating at temperatures as low as -13° F and are now used in some of the coldest regions of the U.S.
- Efficient homes can help the community by drawing less electricity from the power grids they share.
Mitsubishi Electric’s INVERTER-driven compressor technology was introduced 20 years ago, revolutionizing the heat pump. Now, these variable-capacity, all-climate heat pumps deliver reliable cold-climate performance, efficiency, and precise comfort control using a smartphone app. Mitsubishi Electric has continuously improved this technology, while METUS has educated utilities, local governments, public officials, non-profits, homeowners, and private sector collaborators on the environmental and economic advantages of all-climate heat pumps.
“The IRA’s passage is a landmark moment for American homeowners,” says Mark Kuntz, chief executive officer, Mitsubishi Electric Trane HVAC US LLC. “The law vastly expands the opportunities for many more American homeowners to experience the comfort, environmental and efficiency benefits of all-climate heat pumps.”
Inflation Reduction Act incentives will help homeowners save on heat pumps, like those from Mitsubishi Electric Trane HVAC US LLC. The company is a pioneer in all-climate, variable-capacity heat pumps that deliver exceptional cold climate performance, efficiency and precise comfort control.
Highlights of consumer incentives in the IRA include:
- $4.5 billion High Efficiency Electric Home Rebate Program (HEEHRP) administered by state energy offices and Indian Tribes for qualified electrification projects.
- This national rebate program is intended to support low and moderate-income homeowners.
- Qualified households can receive a rebate of up to $14,000 with a rebate for specific equipment up to:
- $8,000 to offset qualified heat pump (for space heating or cooling) costs.
- $4,000 to offset the cost of electric panel upgrades.
- $2,500 for electrical wiring upgrades.
- HEEHRP provides up to a $500 rebate per project for heat pump installers.
- Significant extension and expansion of the Energy-Efficient Home Improvement Credit (25C), starting in January 2023, allows qualified households to deduct 30% of the costs for buying and installing a qualified heat pump, up to $2,000 annually through 2032.
- HOME Energy Performance-Based, Whole-House Rebates
- Allocates $4.3 billion in rebates for home energy efficiency improvements based on Department of Energy-approved modeling tools.
- Rebate levels:
- Homes with energy reduction of 20% to 35% are eligible for maximum rebate of $2,000, or half the cost of the retrofit project (whichever is less).
- Homes with energy reduction of at least 35% are eligible for maximum rebate of $4,000 or half the cost of the retrofit project (whichever is less).
- Rebates are higher for lower-income homes.
Now, under the provisions of the IRA, qualified homeowners across America have the opportunity to reduce their carbon footprint, achieve better comfort, and realize lower operating costs thanks to Mitsubishi Electric’s variable-capacity, all-climate heat pumps. Visit MitsubishiComfort.com/IRA to learn more.
I’m sure many of you have heard of Mary Kay cosmetics, one of the largest network marketing companies in the world. There are more than 800,000 Mary Kay beauty consultants throughout the world, who have accomplished more than $1.2 billion in sales. The founder of this hugely successful organization was named Mary Kay Ash — Read more
I’m sure many of you have heard of Mary Kay cosmetics, one of the largest network marketing companies in the world. There are more than 800,000 Mary Kay beauty consultants throughout the world, who have accomplished more than $1.2 billion in sales. The founder of this hugely successful organization was named Mary Kay Ash — and I am one of the many people who have purchased her products and contributed to those numbers.
Many people have asked Mary Kay what she owed her success to. What was her secret to building an empire and acquiring so much wealth? There are two quotes in response to this question that I want to share with you today. I frequently ponder on them and even have them posted in my house as a reminder of how I should live my life.
- Quote No. 1: “I have learned to imagine a sign hanging from every person’s neck that says, ‘Make me feel important today.’”
- Quote No. 2: “Everyone wants to be appreciated, so if you appreciate someone, don’t keep it a secret.”
Isn’t that an amazing mindset and perspective to have? Imagine if we could all master the art of appreciation in our lives. How different this world would be! It’s not that we would do this to make more money and have more power. Perhaps it would be a natural result as was the case with Mary Kay. But I believe that if we expressed appreciation to those around us on a daily basis and proactively sought out ways to make people feel important, not only would our own lives be enriched, the lives of countless others would also be uplifted and changed for the better. Everything about humanity would be better.
Appreciation is especially vital in the workplace. I have heard many business owners say “Why do I need to reward my employees for doing their job? That’s what I pay them for.” I have also heard “What’s the point of incentives? I shouldn’t have to pay someone to do their job in the first place.” I hope you’re like me and cringed when you read that.
So, let’s break it down: There is a difference between paying your employees to do their job, appreciating them for doing their job, and incentivizing them to take it to the next level. I am going to provide you with some ideas that I hope you will find valuable and helpful in connecting and growing your team.
Paying Employees to do their job
Everyone in your company is going to be all about the WIIFM — what’s in it for me? Your team, no matter how much they love what they do or find purpose in it, will always want to know how much they are compensated for doing their job. Having clear roles and responsibilities is very important so people know what is expected of them in return for a paycheck. But so often employees are given new or different tasks that might be outside of their daily duties. Sometimes people are more than happy to jump in and help, but if they are given a project that backs them up with their normal job and takes them away from their family and having a life, they are going to want to know the WIIFM.
Appreciating employees for doing their job
So, you pay your people to do their job. But appreciating them to do their job is different. It has to be a show and tell. Many business owners and leaders might give shout-outs at company meetings or say things like “I appreciate all you do.” Words of affirmation are great, but they are just words. What are you doing to show your team you value them? Here are some ideas that I’ve seen just within the last year since the pandemic hit:
Since my husband started working from home full-time, his company has sent him a swag box in the mail every single month to say thank you. It would have a new sweater or jacket, Yeti water bottle, Cabala’s gift card (we love that store), gourmet chocolate, journals, flashlights, etc.
Sarah Hammond, owner of Atlas Plumbing, Air, and Electric, buys each employee a bag of fruits and vegetables every single month to take home to their families. She advocates employee health programs, wellness and wants to support them in this way
Jennifer Bagley, owner of CI Web group, got all of her team members a Peloton exercise bike, and they actually do company workouts together from home.
Ryan Kohler, owner of Hire Dimensions, provides a housecleaner to each one of his employees every month to do the deep cleaning.
These are just some of the ways the leaders are saying thank you to their employees. They are saying thank you with gifts and actions, not just words. Gifts matter.
Incentivizing your team to take it to the next level
Apart from paying your employees to do their job and appreciating them for doing so, motivating them is a whole new ballgame. No matter how much someone loves what they do, they will get burned out. Everyone needs a break to reset every now and then. They also need something to always stay motivated to continue helping you build your empire.
Incentives should be short-term and long-term. You might need a certain task completed by a certain deadline — such as scheduling membership appointments by the end of the month or reaching a specific revenue goal. If you are needing something done fast, creating individual and team incentives is the way to go.
Long-term incentives can also be super beneficial — like at the end of the year if your business reaches a certain level, everyone gets to cash in on the prize. Bonuses, spiffs, and incentives are a great way to keep your team motivated, help them feel appreciated, and provides you opportunities as a leader to keep people engaged in growing your business.
Short-term incentives can come in the form of gift cards, PTO, spiffs, work-from-home day, prize box, lunch, etc. Long-term incentives could come in the form of vacations, (I know a contractor who gives away a cruise for two every month to his employees), large scale and expensive prizes, cash, gym memberships, etc.
Just have fun with it! Find out what your employees want and then help them get it by creating a plan of action to achieve their goals.
I want to encourage everyone, and challenge myself, to find someone each day of our lives who we can make feel important. We always remember the thoughtful things people do for us. Let’s all commit to becoming better at being the person who does thoughtful things for others on a daily basis.
Erica Leonor is Executive Trainer for Power Selling Pros. As an Executive Trainer at Power Selling Pros, Erica Leonor is constantly developing new content and curriculum that will enable home service businesses to achieve a higher level of success for themselves, their teams, and their customers. A mentor, coach, presenter, and public speaker for over 10 years, Erica also serves on the Board of Directors of Women in HVACR. She received a B.A. in anthropology from BYU-Hawaii.