For many homeowners, there usually seems to be a large list of house tasks that they would like to achieve or new ideas they’d like to try. While several may not be necessary, purchasing a new heat pump is an example of a job that could be critical to keeping your indoor space comfortable during the chillier months in Heflin.

Selecting a new heat pump is a big investment. You’ll definitely recognize the return on investment on your indoor comfort along with your monthly bills, but it could be a tad intimidating at first. The good news is that when you select a new energy-efficient heat pump, you could be eligible 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 purchase a heat pump that has gotten the ENERGY STAR label. When researching heat pumps, watch for solutions with the ENERGY STAR rating so you can be certain you’re getting a high-efficiency heat pump.

At Bain Heating & Air Conditioning, our team will help you identify a solution that fits your needs and helps you qualify for this tax credit. While ENERGY STAR products designate 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

Taking advantage of this opportunity is not going to be the only savings you’ll receive when you get a new high-efficiency heat pump. Several of the most efficient solutions can save you hundreds of dollars on your energy bills throughout the year. And the family will also have greater confidence in your HVAC system to help your home stay at just the right comfort level.

If 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 team at Bain Heating & Air Conditioning a call at 256-270-1196. You may also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.