For a lot of households, there usually seems to be a large list of home tasks that they want to complete or new ideas they’d like to try. While some may not be necessities, getting a new heat pump is a task that could be vital to keeping your house comfortable through the chillier months in Belton.

Selecting a new heat pump is a large investment. You’ll certainly notice the return on investment on your indoor comfort in addition to your energy bills, but it might be a tad overwhelming at first. The good news is that when you select a new energy-efficient heat pump, you could 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 purchase a heat pump that has received the ENERGY STAR label. When researching heat pumps, watch for solutions with the ENERGY STAR rating so you can be confident you’re choosing a high-efficiency heat pump.

At Myers Furnace Company, our experts help you find a solution that matches your needs and makes sure you qualify for this tax credit. While ENERGY STAR products signify high efficiency, you’ll need to confirm the heat pump you choose 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 will not be the only savings you’ll receive 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 the family will also have greater confidence in your HVAC system to maintain your indoor space at just the right temp.

Whether you come across questions concerning your eligibility for a tax credit, or if there are further local savings you could be eligible for by purchasing a new high-efficiency heat pump, give our experts at Myers Furnace Company a call at 816-249-1619. You could also visit ENERGY STAR or reach out to your local utility establishment if you have questions about other eligible home products.