For many households, there usually seems to be a large list of home to-do’s that they want to achieve or new ideas they’d like to attempt. While a few may not be required, getting a new heat pump is one job that could be key to keeping your home comfortable throughout the chillier months in Dresden.
Purchasing a new heat pump is a sizeable investment. You’ll definitely realize the return on investment on your indoor comfort along with your energy bills, but it may be a tad daunting at first. The good news is that when you pick a new energy-efficient heat pump, you may 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 receive the tax credit, you must buy a heat pump that has earned the ENERGY STAR label. When researching heat pumps, look for solutions with the ENERGY STAR rating so you can be confident you’re selecting a high-efficiency heat pump.
At McFadden Heating & Cooling, we’ll help you choose a solution that fits your needs and makes sure you qualify for this tax credit. While ENERGY STAR products designate 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
Taking advantage of this opportunity is not going to be the only savings you’ll find when you purchase a new high-efficiency heat pump. Several of the most efficient heat pumps 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 keep your house at just the right temp.
If you come across questions concerning your eligibility for a tax credit, or if there are further local savings you could be eligible for by getting a new high-efficiency heat pump, give our pros at McFadden Heating & Cooling a call at 1-866-781-0111. You may also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.