For a lot of families, there typically seems to be a long list of home projects that they would like to achieve or new ideas they’d like to try. While several may not be required, purchasing a new heat pump is a project that could be critical to keeping your house comfortable throughout the colder months in Pocatello.
Buying a new heat pump is a big investment. You’ll absolutely realize the return on investment on your indoor comfort along with your utility costs, but it may be a tad intimidating at first. The good news is that when you buy 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 buy a heat pump that has received the ENERGY STAR label. When browsing for heat pumps, look for types with the ENERGY STAR rating so you can be certain you’re getting a high-efficiency heat pump.
At Vogts Heating & Air, our experts help you pick a solution that meets your needs and helps you qualify for this tax credit. While ENERGY STAR products signify high efficiency, you’ll need to confirm the heat pump you purchase 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 won’t be the only savings you’ll receive when you purchase a new high-efficiency heat pump. Several of the most efficient solutions can save you hundreds of dollars on your utility costs all year long. And you’ll also have more confidence in your HVAC system to help your home stay at just the right temperature.
If you have questions regarding your eligibility for a tax credit, or if there are further local savings you may be eligible for by installing a new high-efficiency heat pump, give our experts at Vogts Heating & Air a call at 208-621-0129. You can also visit ENERGY STAR or reach out to your local utility establishment if you have questions about other eligible home products.