
For a lot of households, there typically seems to be a long list of home to-do’s that they want to get done or new ideas they’d like to attempt. While several may not be necessities, purchasing a new heat pump is a task that could be key to keeping your house comfortable during the chillier months in Heflin.
Selecting a new heat pump is a large investment. You’ll certainly see the return on investment on your indoor comfort along with your utility costs, but it might be a little intimidating at first. The good news is that when you purchase 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 pushed 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 researching heat pumps, keep an eye out for solutions with the ENERGY STAR rating so you can be confident you’re choosing a high-efficiency heat pump.
At Bain Heating & Air Conditioning, our experts help you select a solution that meets your needs and makes sure you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, you’ll need to confirm the heat pump you buy 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
This tax credit won’t be the only savings you’ll observe when you get a new high-efficiency heat pump. Some of the most efficient solutions can save you hundreds of dollars on your utility costs throughout the year. And you’ll also have greater confidence in your HVAC system to maintain your indoor space at just the right temperature.
Whether you think of questions regarding your eligibility for a tax credit, or if there are other local savings you might be eligible for by getting a new high-efficiency heat pump, give our pros at Bain Heating & Air Conditioning a call at 256-270-1196. You could also visit ENERGY STAR or reach out to your local utility establishment if you have questions about other eligible home products.