For most families, there always seems to be a long list of house to-do’s that they need to get done or new ideas they’d like to try. While several may not be necessities, purchasing a new heat pump is one project that could be vital to keeping your indoor space comfortable throughout the cooler months in Hudsonville.
Purchasing a new heat pump is a big investment. You’ll certainly recognize the return on investment on your indoor comfort along with your monthly bills, but it might be a little overwhelming at first. The good news is that when you purchase a new energy-efficient heat pump, you could be qualified 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 receive the tax credit, you must select a heat pump that has gotten the ENERGY STAR label. When browsing for heat pumps, watch for solutions with the ENERGY STAR rating so you can be certain you’re getting a high-efficiency heat pump.
At West Michigan Heating & Air Conditioning Services, our team will help you choose a solution that fits your needs and helps you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, you’ll need to 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
Qualifying for the tax credit is not going to be the only savings you’ll find when you purchase a new high-efficiency heat pump. Many of the most efficient solutions 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 temp.
Whether you come across questions about your eligibility for a tax credit, or if there are additional local savings you may be eligible for by getting a new high-efficiency heat pump, give our team at West Michigan Heating & Air Conditioning Services a call at (616) 319-1436. You can also visit ENERGY STAR or call your local utility organization if you have questions about other eligible home products.