For many families, there always seems to be a lengthy list of home improvement to-do’s that they would like to get done or new ideas they’d like to attempt. While a few may not be necessary, getting a new heat pump is one job that could be critical to keeping your home comfortable throughout the colder months in Delray Beach.
Purchasing a new heat pump is a sizeable investment. You’ll definitely see the return on investment on your indoor comfort along with your energy bills, but it may be a bit intimidating 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 pushed through December 31, 2020. In order to obtain the tax credit, you must select a heat pump that has gotten the ENERGY STAR label. When shopping for heat pumps, watch for types with the ENERGY STAR rating so you can be sure you’re choosing a high-efficiency heat pump.
At Kilbourne Heating & AC, our team will help you select a solution that matches your needs and makes sure you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, it’s important 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
Taking advantage of this opportunity will not be the only savings you’ll receive 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 during the year. And the family will also have higher confidence in your HVAC system to keep your house at just the right temperature.
When you have questions about your eligibility for a tax credit, or if there are other local savings you might be eligible for by purchasing a new high-efficiency heat pump, give our team at Kilbourne Heating & AC a call at 561-287-7071. You could also visit ENERGY STAR or reach out to your local utility organization if you have questions about other eligible home products.