For many families, there always seems to be a lengthy list of home to-do’s that they want to complete or new ideas they’d like to attempt. While several may not be necessities, getting a new heat pump is one task that could be key to keeping your house comfortable throughout the chillier months in Belton.

Getting a new heat pump is a large investment. You’ll certainly recognize the return on investment on your indoor comfort as well as your utility costs, but it may be a little overwhelming at first. The good news is that when you select a new energy-efficient heat pump, you could be approved 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 receive the tax credit, you must select a heat pump that has gotten the ENERGY STAR label. When researching heat pumps, look for types with the ENERGY STAR rating so you can be certain you’re getting a high-efficiency heat pump.

At Myers Furnace Company, our team will help you choose a solution that meets your needs and helps you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, you’ll need to confirm the heat pump you buy 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 is not going to be the only savings you’ll receive when you buy a new high-efficiency heat pump. Some of the most efficient solutions can save you hundreds of dollars on your energy costs throughout the year. And the family will also have more confidence in your HVAC system to maintain your indoor space at just the right temp.

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