For a lot of households, there always seems to be a long list of home projects that they need to achieve or new ideas they’d like to do. While a few may not be necessities, buying a new heat pump is one job that could be key to keeping your indoor space comfortable during the chillier months in Circleville.
Selecting a new heat pump is a sizeable investment. You’ll definitely notice the return on investment on your indoor comfort along with your monthly bills, but it might be a tad intimidating at first. The good news is that when you pick a new energy-efficient heat pump, you might be approved for a federal tax credit.
According to ENERGY STAR®, the Non-Business Energy Property Tax Credits were pushed through December 31, 2020. In order to receive the tax credit, you must buy a heat pump that has gotten the ENERGY STAR label. When shopping for heat pumps, watch for products with the ENERGY STAR rating so you can be confident you’re choosing a high-efficiency heat pump.
At Stephen Hurst Pack Heating and Cooling, our experts help you pick a solution that matches your needs and makes sure you qualify for this tax credit. While ENERGY STAR products designate high efficiency, it’s important to confirm the heat pump you buy 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 won’t be the only savings you’ll observe when you purchase a new high-efficiency heat pump. Some of the most efficient solutions can save you hundreds of dollars on your utility costs throughout the year. And the family will also have greater confidence in your HVAC system to keep your house at just the right comfort level.
Whether you come across questions regarding your eligibility for a tax credit, or if there are further local savings you might be eligible for by getting a new high-efficiency heat pump, give our team at Stephen Hurst Pack Heating and Cooling a call at 740-474-5940. You can also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.