For many families, there always seems to be a lengthy list of home improvement projects that they want to get done or new ideas they’d like to try. While some may not be necessary, buying a new heat pump is one task that could be vital to keeping your house comfortable through the cooler months in Justin.
Purchasing a new heat pump is a sizeable investment. You’ll definitely realize the return on investment on your indoor comfort along with your energy bills, but it may be a tad overwhelming at first. The good news is that when you select a new energy-efficient heat pump, you could 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 receive the tax credit, you must select a heat pump that has received the ENERGY STAR label. When browsing for heat pumps, keep an eye out for solutions with the ENERGY STAR rating so you can be sure you’re selecting a high-efficiency heat pump.
At Pepper AC & Heat, our team will help you find a solution that matches your needs and ensures you qualify for this tax credit. While ENERGY STAR products designate 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 won’t be the only savings you’ll observe when you buy a new high-efficiency heat pump. Many of the most efficient models can save you hundreds of dollars on your energy costs throughout the year. And you’ll also have more confidence in your HVAC system to keep your house at just the right comfort level.
If you think of questions about your eligibility for a tax credit, or if there are other local savings you might be eligible for by installing a new high-efficiency heat pump, give our team at Pepper AC & Heat a call at 940-202-1184. You can also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.