For many homeowners, there always seems to be a lengthy list of home improvement tasks that they would like to complete or new ideas they’d like to try. While some may not be necessities, purchasing a new heat pump is one job that could be key to keeping your home comfortable during the cooler months in Neptune City.
Selecting a new heat pump is a large investment. You’ll certainly feel the return on investment on your indoor comfort in addition to your utility costs, but it might be a little intimidating at first. The good news is that when you pick a new energy-efficient heat pump, you may be qualified 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 get the tax credit, you must select a heat pump that has gotten the ENERGY STAR label. When shopping for heat pumps, keep an eye out for products with the ENERGY STAR rating so you can be sure you’re choosing a high-efficiency heat pump.
At Aggressive Mechanical, we’ll help you identify a solution that matches your needs and makes sure you qualify for this tax credit. While ENERGY STAR products designate 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
Qualifying for the tax credit will not be the only savings you’ll receive when you buy a new high-efficiency heat pump. Several of the most efficient solutions can save you hundreds of dollars on your energy costs throughout the year. And you’ll also have more confidence in your HVAC system to help your home stay at just the right temp.
When you think of questions about your eligibility for a tax credit, or if there are additional local savings you might be eligible for by purchasing a new high-efficiency heat pump, give our pros at Aggressive Mechanical a call at 732-806-5536. You could also visit ENERGY STAR or call your local utility organization if you have questions about other eligible home products.