For a lot of households, there always seems to be a large list of house projects that they would like to get done or new ideas they’d like to do. While some may not be required, purchasing a new heat pump is an example of a project that could be key to keeping your house comfortable throughout the chillier months in Warrenton.
Purchasing a new heat pump is a big investment. You’ll definitely feel the return on investment on your indoor comfort in addition to your energy bills, but it could be a tad daunting at first. The good news is that when you pick a new energy-efficient heat pump, you might 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 purchase a heat pump that has gotten the ENERGY STAR label. When researching heat pumps, keep an eye out for solutions with the ENERGY STAR rating so you can be certain you’re getting a high-efficiency heat pump.
At Schraer Heating & Air Conditioning, we’ll help you identify a solution that fits your needs and helps you qualify for this tax credit. While ENERGY STAR products designate high efficiency, it’s important to 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
This 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 the family will also have higher confidence in your HVAC system to help your home stay at just the right temperature.
If you think of questions concerning your eligibility for a tax credit, or if there are other local savings you could be eligible for by installing a new high-efficiency heat pump, give our team at Schraer Heating & Air Conditioning a call at 636-456-5041. You may also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.