For most households, there always seems to be a lengthy list of house to-do’s that they would like to complete or new ideas they’d like to do. While some may not be necessities, buying a new heat pump is a project that could be vital to keeping your indoor space comfortable through the colder months in Boynton Beach.
Selecting a new heat pump is a sizeable investment. You’ll definitely see the return-on-investment on your indoor comfort in addition to your utility costs, but it may be a little overwhelming at first. The good news is that when you purchase 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 extended through December 31, 2020. In order to get the tax credit, you must buy a heat pump that has earned the ENERGY STAR label. When researching heat pumps, keep an eye out for solutions with the ENERGY STAR rating so you can be sure you’re getting a high-efficiency heat pump.
At A2Z Air Inc, we’ll help you choose a solution that matches your needs and ensures you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, you’ll need to confirm the heat pump you buy 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 will not be the only savings you’ll receive when you get a new high-efficiency heat pump. Many of the most efficient solutions can save you hundreds of dollars on your utility costs all year long. And you’ll also have higher confidence in your HVAC system to keep your house at just the right comfort level.
Whether you come across 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 experts at A2Z Air Inc a call at 561-270-6228. You can also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.