For many households, there usually seems to be a long list of house to-do’s that they want to achieve or new ideas they’d like to attempt. While some may not be required, buying a new heat pump is an example of a job that could be key to keeping your home comfortable through the cooler months in West Palm Beach.

Buying a new heat pump is a sizeable investment. You’ll certainly see the return on investment on your indoor comfort as well as your utility costs, but it could be a tad intimidating at first. The good news is that when you select 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 purchase a heat pump that has received the ENERGY STAR label. When shopping for heat pumps, look for solutions with the ENERGY STAR rating so you can be certain you’re getting a high-efficiency heat pump.

At The Air Squad, we’ll help you choose a solution that meets your needs and helps you qualify for this tax credit. While ENERGY STAR products signify 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

Taking advantage of this opportunity will not be the only savings you’ll observe when you buy a new high-efficiency heat pump. Many of the most efficient heat pumps can save you hundreds of dollars on your utility costs all year long. And the family will also have greater confidence in your HVAC system to maintain your indoor space at just the right comfort level.

Whether you have questions regarding your eligibility for a tax credit, or if there are further local savings you may be eligible for by purchasing a new high-efficiency heat pump, give our experts at The Air Squad a call at 561-223-8489. You could also visit ENERGY STAR or call your local utility company if you have questions about other eligible home products.