For many families, there typically seems to be a lengthy list of home improvement tasks that they need to get done or new ideas they’d like to attempt. While a few may not be required, purchasing a new heat pump is one job that could be vital to keeping your indoor space comfortable throughout the cooler months in Fort Lauderdale.
Selecting a new heat pump is a sizeable investment. You’ll absolutely notice the return-on-investment on your indoor comfort as well as your utility costs, but it could be a little intimidating at first. The good news is that when you select a new energy-efficient heat pump, you might be qualified 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 products with the ENERGY STAR rating so you can be confident you’re selecting a high-efficiency heat pump.
At Solar Air Inc. , our team will help you select a solution that fits your needs and ensures you qualify for this tax credit. While ENERGY STAR products signify high efficiency, you should 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 is not going to be the only savings you’ll receive when you buy a new high-efficiency heat pump. Many of the most efficient models can save you hundreds of dollars on your utility costs throughout the year. And the family will also have more confidence in your HVAC system to help your home stay at just the right comfort level.
If you have questions about your eligibility for a tax credit, or if there are other local savings you could be eligible for by installing a new high-efficiency heat pump, give our experts at Solar Air Inc. a call at 954-320-7398. You can also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.