For many homeowners, there typically seems to be a large list of home improvement projects that they need to get done or new ideas they’d like to try. While some may not be necessities, purchasing a new heat pump is a job that could be key to keeping your indoor space comfortable through the colder months in Brookfield.
Getting a new heat pump is a big investment. You’ll definitely recognize the return on investment on your indoor comfort as well as your monthly bills, but it could be a bit daunting at first. The good news is that when you buy a new energy-efficient heat pump, you may be eligible 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 get the tax credit, you must select a heat pump that has earned the ENERGY STAR label. When shopping for heat pumps, look for solutions with the ENERGY STAR rating so you can be certain you’re selecting a high-efficiency heat pump.
At Central Air LLC, our team will help you choose a solution that meets your needs and helps you qualify for this tax credit. While ENERGY STAR products designate high efficiency, it’s important to confirm the heat pump you pick 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 observe when you select a new high-efficiency heat pump. Several of the most efficient solutions can save you hundreds of dollars on your utility costs throughout the year. And the family will also have higher confidence in your HVAC system to keep your house at just the right temp.
If you have questions concerning your eligibility for a tax credit, or if there are further local savings you may be eligible for by getting a new high-efficiency heat pump, give our team at Central Air LLC a call at 203-357-5913. You may also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.