As a multifamily building owner, choosing the right heating and cooling system is crucial for ensuring comfortable living conditions for your tenants, saving on electricity bills, and making the best decision for your asset in the long run. With so many options available in the market, it can be overwhelming to decide which one is right for your property. Two of the most popular options for heating your buildings are heat pumps and furnaces. In this article, we will compare both systems to help you make an informed decision.

The added rebates and federal tax credit benefits on Heat Pumps and their installation, help in offsetting the initial costs. You can bring down the initial cost of retrofitting your multifamily buildings by utilizing these rebates and reap the benefits of low energy bills for years to come. In the long run, you will enjoy an increased CAP rate and occupancy rate by tenants.