For a lot of homeowners, there usually seems to be a large list of home tasks that they need to achieve or new ideas they’d like to attempt. While a few may not be necessities, getting a new heat pump is one project that could be vital to keeping your house comfortable through the chillier months in Columbia.
Selecting a new heat pump is a large investment. You’ll certainly realize the return on investment on your indoor comfort along with your utility costs, but it may be a bit daunting 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 purchase a heat pump that has gotten the ENERGY STAR label. When shopping for heat pumps, watch for solutions with the ENERGY STAR rating so you can be sure you’re choosing a high-efficiency heat pump.
At Watts Electric & AC, our experts help you find 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 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 won’t be the only savings you’ll find when you get a new high-efficiency heat pump. Some of the most efficient models can save you hundreds of dollars on your energy costs all year long. And the family will also have more confidence in your HVAC system to help your home stay at just the right comfort level.
Whether you come across questions about 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 experts at Watts Electric & AC a call at 601-736-7362. You could also visit ENERGY STAR or call your local utility company if you have questions about other eligible home products.