For most families, there usually seems to be a lengthy list of house tasks that they would like to achieve or new ideas they’d like to do. While several may not be required, getting a new heat pump is an example of a task that could be key to keeping your indoor space comfortable through the cooler months in Buellton.
Purchasing a new heat pump is a sizeable investment. You’ll certainly feel the return-on-investment on your indoor comfort as well as 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 could be approved 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 obtain the tax credit, you must purchase a heat pump that has received the ENERGY STAR label. When researching heat pumps, keep an eye out for solutions with the ENERGY STAR rating so you can be sure you’re selecting a high-efficiency heat pump.
At Allstar Heating & Air Conditioning, our experts help you find a solution that meets your needs and helps you qualify for this tax credit. While ENERGY STAR products designate high efficiency, you’ll need 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
This tax credit is not going to be the only savings you’ll observe when you buy a new high-efficiency heat pump. Some of the most efficient models can save you hundreds of dollars on your energy costs throughout the year. And the family will also have greater confidence in your HVAC system to keep your house at just the right comfort level.
Whether you think of questions regarding your eligibility for a tax credit, or if there are further local savings you may be eligible for by installing a new high-efficiency heat pump, give our pros at Allstar Heating & Air Conditioning a call at 805-242-9638. You may also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.