For many homeowners, there always seems to be a lengthy list of house projects that they need to complete or new ideas they’d like to try. While a few may not be necessities, purchasing a new heat pump is a job that could be critical to keeping your indoor space comfortable throughout the colder months in Heflin.
Selecting a new heat pump is a large investment. You’ll definitely see the return on investment on your indoor comfort along with your energy bills, but it could 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 buy a heat pump that has earned the ENERGY STAR label. When shopping for heat pumps, look for solutions with the ENERGY STAR rating so you can be confident you’re selecting a high-efficiency heat pump.
At Bain Heating & Air Conditioning, our experts help you choose a solution that meets 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 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 find when you get a new high-efficiency heat pump. Several of the most efficient heat pumps can save you hundreds of dollars on your energy costs during the year. And the family will also have greater confidence in your HVAC system to keep your house at just the right temperature.
When you have questions regarding your eligibility for a tax credit, or if there are other local savings you may be eligible for by purchasing a new high-efficiency heat pump, give our team 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.