For many families, there usually seems to be a lengthy list of home projects that they want to complete or new ideas they’d like to try. While some may not be necessary, purchasing a new heat pump is an example of a project that could be key to keeping your house comfortable through the chillier months in Athol.
Buying a new heat pump is a large investment. You’ll absolutely see the return on investment on your indoor comfort in addition to your energy bills, but it may be a bit daunting at first. The good news is that when you select a new energy-efficient heat pump, you might 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 researching heat pumps, look for products with the ENERGY STAR rating so you can be certain you’re getting a high-efficiency heat pump.
At Alpine Summit Heating & Cooling, we’ll help you find a solution that fits 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 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 purchase a new high-efficiency heat pump. Some of the most efficient heat pumps can save you hundreds of dollars on your energy costs throughout the year. And the family will also have more confidence in your HVAC system to keep your house at just the right temp.
Whether you think of questions concerning your eligibility for a tax credit, or if there are further local savings you could be eligible for by getting a new high-efficiency heat pump, give our pros at Alpine Summit Heating & Cooling a call at 208-561-1226. You may also visit ENERGY STAR or call your local utility company if you have questions about other eligible home products.