For most homeowners, there typically seems to be a long list of home improvement projects that they need to get done or new ideas they’d like to attempt. While some may not be necessities, getting a new heat pump is one task that could be key to keeping your indoor space comfortable during the chillier months in Plover.
Getting a new heat pump is a big investment. You’ll absolutely see the return on investment on your indoor comfort in addition to your monthly bills, but it might be a bit overwhelming at first. The good news is that when you purchase a new energy-efficient heat pump, you could be qualified 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 get the tax credit, you must buy a heat pump that has received the ENERGY STAR label. When researching heat pumps, look for solutions with the ENERGY STAR rating so you can be certain you’re getting a high-efficiency heat pump.
At Point Heating & Cooling, our team will help you find a solution that matches your needs and ensures you qualify for this tax credit. While ENERGY STAR products signify high efficiency, you should 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 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 all year long. And the family will also have greater confidence in your HVAC system to keep your house at just the right temp.
If you come across questions about 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 pros at Point Heating & Cooling a call at 715-504-0533. You may also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.