For a lot of families, there usually seems to be a lengthy list of home projects that they want to get done or new ideas they’d like to attempt. While a few may not be required, purchasing a new heat pump is one task that could be key to keeping your home comfortable through the cooler months in Paso Robles.
Buying a new heat pump is a large investment. You’ll absolutely feel the return-on-investment on your indoor comfort along with your monthly bills, but it might be a bit 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 pushed through December 31, 2020. In order to get the tax credit, you must select a heat pump that has gotten 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 Paso Robles Heating and Air, our experts help you choose a solution that meets your needs and ensures you qualify for this tax credit. While ENERGY STAR products signify 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
This tax credit is not going to be the only savings you’ll find when you buy a new high-efficiency heat pump. Many of the most efficient solutions can save you hundreds of dollars on your utility costs all year long. And the family will also have higher confidence in your HVAC system to keep your house at just the right temp.
When you come across questions about your eligibility for a tax credit, or if there are further local savings you may be eligible for by getting a new high-efficiency heat pump, give our team at Paso Robles Heating and Air a call at 805-203-8667. You could also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.