For many homeowners, there always seems to be a large list of house to-do’s that they want to get done or new ideas they’d like to attempt. While some may not be required, getting a new heat pump is an example of a task that could be key to keeping your house comfortable through the cooler months in Murrieta.
Getting a new heat pump is a sizeable investment. You’ll definitely notice the return-on-investment on your indoor comfort as well as your energy bills, but it may be a tad overwhelming at first. The good news is that when you buy 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 extended 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 shopping for heat pumps, watch for products with the ENERGY STAR rating so you can be confident you’re getting a high-efficiency heat pump.
At Cool Air Solutions, our team will help you choose a solution that matches your needs and helps you qualify for this tax credit. While ENERGY STAR products signify 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
Qualifying for the tax credit will not be the only savings you’ll receive when you buy a new high-efficiency heat pump. Some of the most efficient heat pumps can save you hundreds of dollars on your energy bills throughout the year. And the family will also have more confidence in your HVAC system to keep your house at just the right temp.
If you have questions regarding your eligibility for a tax credit, or if there are other local savings you may be eligible for by installing a new high-efficiency heat pump, give our experts at Cool Air Solutions a call at 951-299-9853. You may also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.