For many homeowners, there always seems to be a lengthy list of home tasks that they want to achieve or new ideas they’d like to do. While a few may not be necessary, buying a new heat pump is a task that could be vital to keeping your indoor space comfortable throughout the chillier months in Greensburg.
Getting a new heat pump is a big investment. You’ll absolutely feel the return on investment on your indoor comfort as well as your monthly bills, but it might be a little 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 prolonged through December 31, 2020. In order to get the tax credit, you must select 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 sure you’re selecting a high-efficiency heat pump.
At Wallpe Heating & Cooling, we’ll help you choose a solution that fits your needs and ensures you qualify for this tax credit. While ENERGY STAR products indicate 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
This tax credit won’t be the only savings you’ll find when you purchase a new high-efficiency heat pump. Some of the most efficient solutions can save you hundreds of dollars on your energy costs all year long. And you’ll also have more confidence in your HVAC system to maintain your indoor space at just the right comfort level.
If you have questions about your eligibility for a tax credit, or if there are additional local savings you might be eligible for by installing a new high-efficiency heat pump, give our pros at Wallpe Heating & Cooling a call at 812-663-7252. You may also visit ENERGY STAR or reach out to your local utility company if you have questions about other eligible home products.