For a lot of households, there always seems to be a large list of home tasks that they want to complete or new ideas they’d like to try. While several may not be necessities, buying a new heat pump is an example of a project that could be key to keeping your house comfortable throughout the cooler months in Haines City.
Purchasing a new heat pump is a large investment. You’ll absolutely notice the return on investment on your indoor comfort as well as your monthly bills, but it could be a little overwhelming at first. The good news is that when you pick a new energy-efficient heat pump, you could be eligible 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 buy a heat pump that has received the ENERGY STAR label. When shopping for heat pumps, watch for types with the ENERGY STAR rating so you can be certain you’re choosing a high-efficiency heat pump.
At Air Commander's Heating & Air Conditioning Co., our team will help you identify a solution that fits your needs and ensures you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, it’s important to confirm the heat pump you purchase 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 select a new high-efficiency heat pump. Some of the most efficient heat pumps can save you hundreds of dollars on your energy bills during the year. And your household will also have greater confidence in your HVAC system to help your home stay at just the right comfort level.
When you have questions concerning your eligibility for a tax credit, or if there are additional local savings you could be eligible for by installing a new high-efficiency heat pump, give our team at Air Commander's Heating & Air Conditioning Co. a call at 863-216-2923. You can also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.