Can I earn a tax credit for my new heat pump?

April 08, 2020

For many families, there always seems to be a long list of home to-do’s that they need to achieve or new ideas they’d like to try. While a few may not be required, purchasing a new heat pump is an example of a task that could be critical to keeping your indoor space comfortable during the colder months in Boynton Beach.

Getting a new heat pump is a sizeable investment. You’ll absolutely feel the return-on-investment on your indoor comfort in addition to your energy bills, but it may be a little daunting at first. The good news is that when you buy 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 purchase a heat pump that has earned the ENERGY STAR label. When researching heat pumps, watch for types 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 identify a solution that meets your needs and makes sure you qualify for this tax credit. While ENERGY STAR products signify high efficiency, it’s important 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

 

This tax credit won’t be the only savings you’ll receive when you select a new high-efficiency heat pump. Many of the most efficient models can save you hundreds of dollars on your utility costs all year long. And your household 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 getting a new high-efficiency heat pump, give our team at A2Z Air Inc a call at 561-270-6228. You could also visit ENERGY STAR or reach out to your local utility organization if you have questions about other eligible home products.