For most homeowners, there usually seems to be a lengthy list of house projects that they would like to get done or new ideas they’d like to try. While some may not be necessary, getting a new heat pump is an example of a project that could be critical to keeping your house comfortable through the chillier months in Port St. Lucie.
Getting a new heat pump is a large investment. You’ll absolutely recognize the return-on-investment on your indoor comfort along with your monthly 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 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 buy a heat pump that has earned the ENERGY STAR label. When shopping for heat pumps, keep an eye out for solutions with the ENERGY STAR rating so you can be certain you’re selecting a high-efficiency heat pump.
At Custom Air Systems Inc, our experts help you find a solution that meets your needs and helps you qualify for this tax credit. While ENERGY STAR products designate high efficiency, you should 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
Qualifying for the 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 heat pumps 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 temp.
When you have questions regarding 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 pros at Custom Air Systems Inc a call at 772-247-2283. You could also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.