Heat pump technology has been around for centuries, but it’s only just starting to gain widespread adoption in the U.S. To which our home experts at the Good Housekeeping Institute say: It’s about time! And heat pumps cut carbon emissions in half compared to a gas furnace, according to a study published in Energy Policy. You’ll pay more upfront for a heat pump, even with its two-for-one heating and cooling capabilities. If you move quickly and have a new heat pump installed by the end of 2025, you stand to earn a $2,000 Federal Tax Credit. For more information on tax credits, as well as other key purchase considerations, read What You Need to Know Before Buying a Heat Pump.