For most homeowners, there typically seems to be a large list of house tasks that they would like to get done or new ideas they’d like to attempt. While a few may not be necessary, buying a new heat pump is a task that could be vital to keeping your house comfortable through the colder months in Crestview.
Purchasing a new heat pump is a big investment. You’ll definitely see the return-on-investment on your indoor comfort as well as your monthly bills, but it could be a tad overwhelming at first. The good news is that when you pick a new energy-efficient heat pump, you might be approved 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 receive the tax credit, you must purchase a heat pump that has received the ENERGY STAR label. When researching heat pumps, watch for types with the ENERGY STAR rating so you can be certain you’re choosing a high-efficiency heat pump.
At Gordon Air Conditioning, we’ll help you choose a solution that meets your needs and makes sure you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, you should confirm the heat pump you pick 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 purchase a new high-efficiency heat pump. Many of the most efficient heat pumps 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.
Whether you think of questions regarding your eligibility for a tax credit, or if there are other local savings you could be eligible for by purchasing a new high-efficiency heat pump, give our team at Gordon Air Conditioning a call at 850-250-0335. You could also visit ENERGY STAR or reach out to your local utility company if you have questions about other eligible home products.