For most households, there usually seems to be a lengthy list of house projects that they need to complete or new ideas they’d like to do. While several may not be necessary, purchasing a new heat pump is a task that could be key to keeping your indoor space comfortable during the colder months in Delray Beach.

Getting a new heat pump is a sizeable investment. You’ll certainly see the return on investment on your indoor comfort as well as your monthly bills, but it could be a tad daunting at first. The good news is that when you select a new energy-efficient heat pump, you could 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 receive the tax credit, you must buy a heat pump that has gotten the ENERGY STAR label. When researching heat pumps, look 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 experts help you identify a solution that matches your needs and makes sure you qualify for this tax credit. While ENERGY STAR products designate high efficiency, it’s important 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

This tax credit won’t be the only savings you’ll receive when you select a new high-efficiency heat pump. Many of the most efficient heat pumps can save you hundreds of dollars on your utility costs during the year. And your household will also have higher confidence in your HVAC system to keep your house at just the right temp.

When you think of 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 can also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.