For many homeowners, there typically seems to be a long list of home to-do’s that they need to complete or new ideas they’d like to try. While a few may not be required, buying a new heat pump is an example of a task that could be vital to keeping your home comfortable throughout the cooler months in Huntsville.
Buying a new heat pump is a big investment. You’ll certainly feel the return on investment on your indoor comfort along with your utility costs, but it might be a bit daunting at first. The good news is that when you purchase 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 extended 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 certain you’re selecting a high-efficiency heat pump.
At All Weather Heating & Air Conditioning Inc, our team will help you select a solution that meets your needs and ensures you qualify for this tax credit. While ENERGY STAR products signify 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
Taking advantage of this opportunity won’t be the only savings you’ll receive 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 your household will also have greater confidence in your HVAC system to help your home stay at just the right temperature.
If you think of questions regarding your eligibility for a tax credit, or if there are additional local savings you might be eligible for by installing a new high-efficiency heat pump, give our experts at All Weather Heating & Air Conditioning Inc a call at 256-801-4701. You may also visit ENERGY STAR or reach out to your local utility establishment if you have questions about other eligible home products.