For a lot of homeowners, there always seems to be a lengthy list of house to-do’s that they want to get done or new ideas they’d like to try. While a few may not be necessary, buying a new heat pump is an example of a job that could be critical to keeping your house comfortable throughout the cooler months in Phoenix.
Purchasing a new heat pump is a great investment. You’ll absolutely see the return-on-investment on your indoor comfort as well as your energy bills, but it could be a little intimidating at first. The good news is that when you buy a new energy-efficient heat pump, you might be eligible for a federal tax credit.
According to ENERGY STAR®, the Non-Business Energy Property Tax Credits were prolonged through December 31, 2020. In order to obtain 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 confident you’re choosing a high-efficiency heat pump.
At Integrity AC & Heating LLC, our experts help you select a solution that meets your needs and ensures you qualify for this tax credit. While ENERGY STAR products designate high efficiency, you should 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
Taking advantage of this opportunity 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 heat pumps can save you hundreds of dollars on your energy bills throughout the year. And your household will also have higher 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 additional local savings you might be eligible for by purchasing a new high-efficiency heat pump, give our experts at Integrity AC & Heating LLC a call at 602-971-0567. You may also visit ENERGY STAR or call your local utility organization if you have questions about other eligible home products.