For many households, there typically seems to be a lengthy list of home tasks that they want to achieve or new ideas they’d like to do. While some may not be necessities, getting a new heat pump is an example of a project that could be key to keeping your indoor space comfortable throughout the cooler months in Croydon.

Selecting a new heat pump is a big investment. You’ll certainly feel the return on investment on your indoor comfort as well as your monthly bills, but it may be a tad daunting at first. The good news is that when you select 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 pushed through December 31, 2020. In order to get the tax credit, you must buy a heat pump that has gotten the ENERGY STAR label. When shopping for heat pumps, watch for types with the ENERGY STAR rating so you can be sure you’re getting a high-efficiency heat pump.

At Indoor Comfort Systems HVAC, our team will help you identify a solution that fits your needs and ensures you qualify for this tax credit. While ENERGY STAR products indicate 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 is not going to be the only savings you’ll find when you get a new high-efficiency heat pump. Some of the most efficient models can save you hundreds of dollars on your energy costs during the year. And your household will also have greater confidence in your HVAC system to keep your house at just the right temperature.

If you have questions about your eligibility for a tax credit, or if there are other local savings you could be eligible for by getting a new high-efficiency heat pump, give our pros at Indoor Comfort Systems HVAC a call at 215-741-5505. You may also visit ENERGY STAR or reach out to your local utility company if you have questions about other eligible home products.