For a lot of families, there typically seems to be a large list of home improvement projects that they would like to achieve or new ideas they’d like to do. While some may not be required, purchasing a new heat pump is one task that could be key to keeping your house comfortable during the colder months in Huntingburg.
Getting a new heat pump is a sizeable investment. You’ll certainly notice the return on investment on your indoor comfort as well as your monthly bills, but it may be a little overwhelming at first. The good news is that when you purchase a new energy-efficient heat pump, you may be eligible 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 get the tax credit, you must buy a heat pump that has received the ENERGY STAR label. When browsing for heat pumps, watch for solutions with the ENERGY STAR rating so you can be sure you’re getting a high-efficiency heat pump.
At Dearing's Service & Solutions, our team will help you identify 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 choose 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 will not be the only savings you’ll observe when you select a new high-efficiency heat pump. Several of the most efficient solutions can save you hundreds of dollars on your energy bills all year long. And your household will also have higher confidence in your HVAC system to help your home stay at just the right temperature.
If you think of questions regarding your eligibility for a tax credit, or if there are further local savings you might be eligible for by purchasing a new high-efficiency heat pump, give our pros at Dearing's Service & Solutions a call at 812-200-5844. You can also visit ENERGY STAR or reach out to your local utility establishment if you have questions about other eligible home products.