2024 Vermont Heat Pump Market Assessment
Vermont has seen significant uptake of ductless mini split heat pump technology over the last decade, with 70,960 units installed since midstream heat pump programs launched in 2015 – the highest per capita rate of any state in the Northeast.
This Market Assessment investigates the status of heat pump technology, availability, accessibility, and adoption in Vermont as of fall 2024. The assessment includes cold-climate heat pumps used for space heating and cooling, and heat pump water heaters, with a focus on the residential market.
Ten percent of housing units in Vermont have a heat pumps, indicating that Vermont is in the “early adopter” phase of market adoption. However, customer research indicates that some of the potential emissions reductions associated with heat pump installation are not being realized due to customers’ use of their heat pumps. A coordinated, market-wide approach will support them in exploring and understanding the technology, and in taking their next steps.