For many households, there always seems to be a long list of home improvement tasks that they would like to complete or new ideas they’d like to try. While several may not be required, getting a new heat pump is a task that could be vital to keeping your house comfortable through the chillier months in Belton.
Purchasing a new heat pump is a large investment. You’ll absolutely feel the return on investment on your indoor comfort as well as your utility costs, but it may be a little intimidating at first. The good news is that when you pick a new energy-efficient heat pump, you may be qualified 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 receive the tax credit, you must select a heat pump that has gotten the ENERGY STAR label. When shopping for heat pumps, keep an eye out for products with the ENERGY STAR rating so you can be sure you’re selecting a high-efficiency heat pump.
At Myers Furnace Company, our experts help you choose a solution that meets your needs and ensures you qualify for this tax credit. While ENERGY STAR products designate 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 select a new high-efficiency heat pump. Many of the most efficient heat pumps can save you hundreds of dollars on your energy bills throughout the year. And you’ll also have more confidence in your HVAC system to help your home stay at just the right temperature.
If you come across questions concerning your eligibility for a tax credit, or if there are other local savings you may be eligible for by getting a new high-efficiency heat pump, give our experts at Myers Furnace Company a call at 816-249-1619. You may also visit ENERGY STAR or reach out to your local utility establishment if you have questions about other eligible home products.