For most families, there usually seems to be a lengthy list of home improvement to-do’s that they would like to achieve or new ideas they’d like to try. While some may not be necessities, buying a new heat pump is an example of a task that could be key to keeping your home comfortable throughout the cooler months in Delray Beach.
Selecting a new heat pump is a sizeable investment. You’ll definitely see the return on investment on your indoor comfort as well as your monthly bills, but it could be a bit intimidating at first. The good news is that when you select 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 prolonged through December 31, 2020. In order to obtain the tax credit, you must buy a heat pump that has gotten the ENERGY STAR label. When browsing for heat pumps, keep an eye out for types with the ENERGY STAR rating so you can be sure you’re selecting a high-efficiency heat pump.
At Kilbourne Heating & AC, we’ll help you select a solution that matches your needs and helps you qualify for this tax credit. While ENERGY STAR products designate high efficiency, you should confirm the heat pump you select 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 won’t be the only savings you’ll observe when you get a new high-efficiency heat pump. Many of the most efficient heat pumps can save you hundreds of dollars on your utility costs throughout the year. And you’ll also have higher confidence in your HVAC system to maintain your indoor space at just the right temp.
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 pros at Kilbourne Heating & AC a call at 561-287-7071. You could also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.