For most households, there typically seems to be a lengthy list of home tasks that they would like to complete or new ideas they’d like to attempt. While a few may not be necessary, buying a new heat pump is a job that could be critical to keeping your indoor space comfortable throughout the cooler months in Naples.
Selecting a new heat pump is a big investment. You’ll certainly feel the return on investment on your indoor comfort as well as your energy bills, but it could be a little 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 prolonged 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 browsing for heat pumps, look for products with the ENERGY STAR rating so you can be sure you’re getting a high-efficiency heat pump.
At Speedy Air Conditioning, our team will help you find a solution that meets 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 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
Qualifying for the tax credit will not be the only savings you’ll receive when you purchase a new high-efficiency heat pump. Many of the most efficient models can save you hundreds of dollars on your energy costs throughout the year. And your household will also have higher confidence in your HVAC system to keep your house at just the right comfort level.
Whether you have questions concerning your eligibility for a tax credit, or if there are additional 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 may also visit ENERGY STAR or reach out to your local utility company if you have questions about other eligible home products.