For many households, there always seems to be a large list of house tasks that they need to achieve or new ideas they’d like to do. While some may not be required, purchasing a new heat pump is a job that could be key to keeping your indoor space comfortable throughout the cooler months in Thedford.
Getting a new heat pump is a large investment. You’ll certainly recognize the return on investment on your indoor comfort along with your utility costs, but it might be a tad daunting at first. The good news is that when you select a new energy-efficient heat pump, you might be eligible for a federal tax credit.
According to ENERGY STAR®, the Non-Business Energy Property Tax Credits were extended through December 31, 2020. In order to obtain the tax credit, you must purchase a heat pump that has received the ENERGY STAR label. When shopping for heat pumps, keep an eye out for products with the ENERGY STAR rating so you can be sure you’re getting a high-efficiency heat pump.
At Taylor's Heating & Air Conditioning, our team will help you find a solution that matches your needs and ensures you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, you should confirm the heat pump you purchase 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 won’t be the only savings you’ll receive when you buy a new high-efficiency heat pump. Some of the most efficient models 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 temp.
When you think of questions about your eligibility for a tax credit, or if there are other local savings you may be eligible for by getting a new high-efficiency heat pump, give our pros at Taylor's Heating & Air Conditioning a call at 519-296-4437. You could also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.