For many families, there usually seems to be a lengthy list of house tasks that they want to get done or new ideas they’d like to attempt. While several may not be necessities, buying a new heat pump is one task that could be critical to keeping your home comfortable during the colder months in Belton.

Buying a new heat pump is a sizeable investment. You’ll absolutely realize the return on investment on your indoor comfort as well as your monthly bills, but it may be a bit daunting at first. The good news is that when you pick 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 obtain the tax credit, you must buy a heat pump that has earned the ENERGY STAR label. When browsing for heat pumps, watch for types with the ENERGY STAR rating so you can be sure you’re selecting a high-efficiency heat pump.

At Myers Furnace Company, our team will help you choose a solution that fits your needs and ensures you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, you should confirm the heat pump you select 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

Qualifying for the tax credit won’t be the only savings you’ll find when you buy a new high-efficiency heat pump. Some of the most efficient heat pumps can save you hundreds of dollars on your energy bills throughout the year. And your household will also have greater confidence in your HVAC system to help your home stay at just the right comfort level.

When you have questions about your eligibility for a tax credit, or if there are additional local savings you may be eligible for by getting a new high-efficiency heat pump, give our team at Myers Furnace Company a call at 816-249-1619. You can also visit ENERGY STAR or reach out to your local utility establishment if you have questions about other eligible home products.