For many families, there typically seems to be a lengthy list of house to-do’s that they want to get done or new ideas they’d like to do. While some may not be required, purchasing a new heat pump is a project that could be vital to keeping your house comfortable through the cooler months in Naples.

Purchasing a new heat pump is a large investment. You’ll absolutely see the return on investment on your indoor comfort as well as your energy bills, but it may be a bit daunting at first. The good news is that when you select a new energy-efficient heat pump, you may 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 obtain the tax credit, you must select a heat pump that has earned the ENERGY STAR label. When browsing for heat pumps, look for products with the ENERGY STAR rating so you can be confident you’re choosing a high-efficiency heat pump.

At Speedy Air Conditioning, our experts help you pick a solution that matches your needs and makes sure you qualify for this tax credit. While ENERGY STAR products designate high efficiency, you’ll need to confirm the heat pump you select 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 purchase a new high-efficiency heat pump. Some of the most efficient models can save you hundreds of dollars on your energy bills throughout the year. And the family will also have more confidence in your HVAC system to maintain your indoor space at just the right comfort level.

When you have questions regarding 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 Speedy Air Conditioning a call at 239-244-3439. You could also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.