For a lot of families, there always seems to be a large list of home improvement to-do’s that they would like to complete or new ideas they’d like to try. While some may not be required, purchasing a new heat pump is one job that could be critical to keeping your house comfortable during the cooler months in Branchville.
Buying a new heat pump is a sizeable investment. You’ll definitely recognize the return on investment on your indoor comfort in addition to your utility costs, but it might be a little intimidating at first. The good news is that when you select a new energy-efficient heat pump, you could be qualified 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 obtain the tax credit, you must purchase a heat pump that has gotten the ENERGY STAR label. When researching heat pumps, look for solutions with the ENERGY STAR rating so you can be certain you’re choosing a high-efficiency heat pump.
At Willco Air Conditioning, Refrigeration & Heating Inc., we’ll help you choose a solution that meets your needs and helps you qualify for this tax credit. While ENERGY STAR products designate high efficiency, you’ll need to confirm the heat pump you pick 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. Some of the most efficient solutions can save you hundreds of dollars on your energy bills all year long. And your household will also have greater confidence in your HVAC system to maintain your indoor space at just the right temperature.
When you come across questions regarding your eligibility for a tax credit, or if there are further local savings you could be eligible for by purchasing a new high-efficiency heat pump, give our experts at Willco Air Conditioning, Refrigeration & Heating Inc. a call at 862-345-6896. You could also visit ENERGY STAR or reach out to your local utility company if you have questions about other eligible home products.