For many homeowners, there typically seems to be a long list of home improvement projects that they need to get done or new ideas they’d like to do. While several may not be necessities, getting a new heat pump is one task that could be critical to keeping your indoor space comfortable throughout the cooler months in Naples.
Getting a new heat pump is a big investment. You’ll absolutely recognize the return-on-investment on your indoor comfort as well as your utility costs, but it may be a tad overwhelming at first. The good news is that when you select a new energy-efficient heat pump, you might 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 get the tax credit, you must select a heat pump that has earned the ENERGY STAR label. When shopping for heat pumps, watch for types with the ENERGY STAR rating so you can be certain you’re selecting a high-efficiency heat pump.
At Speedy Air Conditioning, our team will help you identify a solution that matches your needs and makes sure you qualify for this tax credit. While ENERGY STAR products designate high efficiency, you should 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
This tax credit will not be the only savings you’ll observe when you get a new high-efficiency heat pump. Many of the most efficient solutions can save you hundreds of dollars on your energy bills throughout the year. And your household will also have greater confidence in your HVAC system to maintain your indoor space at just the right comfort level.
If you think of questions about your eligibility for a tax credit, or if there are further local savings you might be eligible for by purchasing a new high-efficiency heat pump, give our team at Speedy Air Conditioning a call at 239-244-3439. You may also visit ENERGY STAR or call your local utility establishment if you have questions about other eligible home products.