For most homeowners, there typically seems to be a lengthy list of house projects that they need to complete or new ideas they’d like to attempt. While some may not be required, purchasing a new heat pump is a project that could be vital to keeping your indoor space comfortable throughout the chillier months in Anaheim.
Purchasing a new heat pump is a large investment. You’ll definitely feel the return-on-investment on your indoor comfort in addition to your energy bills, but it could be a little daunting 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 get the tax credit, you must select a heat pump that has earned the ENERGY STAR label. When browsing for heat pumps, keep an eye out for solutions with the ENERGY STAR rating so you can be sure you’re getting a high-efficiency heat pump.
At Eco Fresh HVAC Inc., we’ll help you pick a solution that fits your needs and makes sure you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, you should 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 will not be the only savings you’ll find when you get a new high-efficiency heat pump. Several of the most efficient models can save you hundreds of dollars on your utility costs during the year. And you’ll also have greater confidence in your HVAC system to maintain your indoor space at just the right comfort level.
Whether you come across questions concerning your eligibility for a tax credit, or if there are additional local savings you may be eligible for by installing a new high-efficiency heat pump, give our experts at Eco Fresh HVAC Inc. a call at 714-855-1717. You can also visit ENERGY STAR or reach out to your local utility establishment if you have questions about other eligible home products.