For most families, there typically seems to be a large list of home improvement projects that they need to get done or new ideas they’d like to try. While some may not be necessities, buying a new heat pump is an example of a project that could be vital to keeping your house comfortable through the chillier months in Saint Petersburg.
Buying a new heat pump is a big investment. You’ll definitely see the return-on-investment on your indoor comfort in addition to your monthly bills, but it could 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 gotten the ENERGY STAR label. When shopping for heat pumps, look for types with the ENERGY STAR rating so you can be certain you’re choosing a high-efficiency heat pump.
At Hale's Air Conditioning Services Inc, we’ll help you find a solution that fits 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 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
Taking advantage of this opportunity is not going to be the only savings you’ll find when you purchase a new high-efficiency heat pump. Many of the most efficient models can save you hundreds of dollars on your energy bills during the year. And you’ll also have greater confidence in your HVAC system to keep your house at just the right comfort level.
If you have questions concerning your eligibility for a tax credit, or if there are further local savings you might be eligible for by installing a new high-efficiency heat pump, give our experts at Hale's Air Conditioning Services Inc a call at 727-369-6195. You could also visit ENERGY STAR or reach out to your local utility company if you have questions about other eligible home products.