For most families, there usually seems to be a long list of home projects that they want to get done or new ideas they’d like to try. While a few may not be necessary, purchasing a new heat pump is a project that could be key to keeping your house comfortable during the colder months in Litchfield Park.
Selecting a new heat pump is a big investment. You’ll certainly feel the return-on-investment on your indoor comfort along with your energy bills, but it could be a little daunting at first. The good news is that when you select a new energy-efficient heat pump, you might be qualified for a federal tax credit.
According to ENERGY STAR®, the Non-Business Energy Property Tax Credits were prolonged through December 31, 2020. In order to receive the tax credit, you must select a heat pump that has received the ENERGY STAR label. When researching heat pumps, look for solutions with the ENERGY STAR rating so you can be certain you’re selecting a high-efficiency heat pump.
At Cooler Tymes LLC, we’ll help you choose a solution that meets your needs and makes sure you qualify for this tax credit. While ENERGY STAR products signify high efficiency, you’ll need to confirm the heat pump you select has the following requirements.
For Split Systems:
- Heating Seasonal Performance Factor (HSPF): 8.5 or higher
- Energy Efficiency Ratio (EER): 12.5 or higher
- Seasonal Energy Efficiency Ratio (SEER): 15 or higher
For Package Systems:
- HSPF: 8 or higher
- EER: 12 or higher
- SEER: 14 or higher
Qualifying for the tax credit is not going to be the only savings you’ll observe when you buy a new high-efficiency heat pump. Several of the most efficient heat pumps can save you hundreds of dollars on your energy costs throughout the year. And your household will also have greater confidence in your HVAC system to help your home stay at just the right temp.
When you come across questions concerning your eligibility for a tax credit, or if there are additional local savings you may be eligible for by getting a new high-efficiency heat pump, give our team at Cooler Tymes LLC a call at 623-208-6444. You could also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.