For most homeowners, there always seems to be a large list of home to-do’s that they want to complete or new ideas they’d like to try. While a few may not be necessities, purchasing a new heat pump is a job that could be vital to keeping your home comfortable throughout the cooler months in Stuart.
Selecting a new heat pump is a great investment. You’ll definitely see the return-on-investment on your indoor comfort in addition to your monthly bills, but it might be a bit daunting at first. The good news is that when you buy a new energy-efficient heat pump, you may be approved 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 buy 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 sure you’re selecting a high-efficiency heat pump.
At Breathe Healthier Air, we’ll help you find a solution that meets your needs and ensures you qualify for this tax credit. While ENERGY STAR products signify high efficiency, you should 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 receive when you get a new high-efficiency heat pump. Some of the most efficient heat pumps can save you hundreds of dollars on your utility costs all year long. And your household will also have higher confidence in your HVAC system to maintain your indoor space at just the right temperature.
When you think of questions regarding your eligibility for a tax credit, or if there are additional local savings you could be eligible for by purchasing a new high-efficiency heat pump, give our team at Breathe Healthier Air a call at 772-600-7151. You could also visit ENERGY STAR or reach out to your local utility establishment if you have questions about other eligible home products.