Dalrada Financial Corporation announced the formation of Dalrada Home Inc. to enter the booming home heat pump market by offering high-efficiency, cost-saving heat pumps specifically designed for residential use and hinting at further development. Dalrada's range of impressive home heat pumps will fit the vast majority of American single-family homes from 850 square feet and above. The expected product lineup will be announced in three to four weeks, with priority shipping available in approximately four weeks.

The announcement of Dalrada's home heat pumps comes as governments and official agencies in the United States and around the world continue to ramp up their decarbonization efforts, targeting heat pumps to address ongoing climate and environmental concerns. According to a 2023 report, the U.S. residential heat pump market was valued at over $13 billion, and is expected to reach nearly $30 billion by 2032. Dalrada's new home heat pumps are designed for high efficiency, and will enable homeowners to meet their residential heating, ventilation, and air conditioning (HVAC) needs.

Additionally, there are available incentives for installing heat pumps, including the Internal Revenue Service (IRS) Energy Efficient Home Improvement Credit that can net homeowners $2,000 or more per year. While Dalrada's innovative industrial and commercial heat pumps tackle large-scale heating and cooling needs, the Company's entrance into the home heat pump market is an exciting revealed, made possible by securing exclusive distribution contracts from proven suppliers and builders. For now, Dalrada expects to expand its distribution capabilities and grow its consumer base of home builders, general contractors, and individual home owners, while the Company continues developing its own proprietary machines that will further revolutionize the home heat pump industry.