For a lot of homeowners, there usually seems to be a lengthy list of home improvement tasks that they would like to get done or new ideas they’d like to try. While several may not be necessary, buying a new heat pump is a job that could be critical to keeping your home comfortable through the cooler months in Saint Petersburg.
Selecting a new heat pump is a great investment. You’ll certainly notice the return-on-investment on your indoor comfort in addition to your utility costs, but it might be a bit overwhelming at first. The good news is that when you select a new energy-efficient heat pump, you could be approved 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 obtain the tax credit, you must purchase a heat pump that has received the ENERGY STAR label. When researching heat pumps, look for solutions 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 pick a solution that matches your needs and makes sure you qualify for this tax credit. While ENERGY STAR products signify 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 won’t be the only savings you’ll find when you buy a new high-efficiency heat pump. Some of the most efficient heat pumps can save you hundreds of dollars on your energy costs during the year. And your household will also have greater confidence in your HVAC system to keep your house at just the right temp.
If you come across questions concerning your eligibility for a tax credit, or if there are other local savings you may be eligible for by getting 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 contact your local utility establishment if you have questions about other eligible home products.