For many households, there always seems to be a lengthy list of home improvement to-do’s that they need to complete or new ideas they’d like to try. While a few may not be required, getting a new heat pump is a job that could be critical to keeping your home comfortable through the colder months in Delray Beach.
Selecting a new heat pump is a large investment. You’ll definitely feel the return-on-investment on your indoor comfort along with your utility costs, but it may be a tad intimidating at first. The good news is that when you buy a new energy-efficient heat pump, you could 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 obtain the tax credit, you must select a heat pump that has earned the ENERGY STAR label. When shopping for heat pumps, keep an eye out for types with the ENERGY STAR rating so you can be confident you’re getting a high-efficiency heat pump.
At Kilbourne Heating & AC, we’ll help you pick a solution that fits your needs and helps you qualify for this tax credit. While ENERGY STAR products indicate 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
This tax credit is not going to be the only savings you’ll find when you get 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 maintain your indoor space at just the right temp.
When you have questions about your eligibility for a tax credit, or if there are other local savings you could be eligible for by getting a new high-efficiency heat pump, give our experts at Kilbourne Heating & AC a call at 561-287-7071. You could also visit ENERGY STAR or call your local utility organization if you have questions about other eligible home products.