For many households, there typically seems to be a large list of home to-do’s that they want to get done or new ideas they’d like to attempt. While a few may not be necessities, getting a new heat pump is an example of a task that could be critical to keeping your house comfortable through the cooler months in Marshfield.

Selecting a new heat pump is a great investment. You’ll certainly notice the return on investment on your indoor comfort as well as your monthly bills, but it may be a bit daunting at first. The good news is that when you pick 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 extended through December 31, 2020. In order to obtain the tax credit, you must buy a heat pump that has gotten the ENERGY STAR label. When browsing for heat pumps, look for products with the ENERGY STAR rating so you can be confident you’re selecting a high-efficiency heat pump.

At House of Heating Incorporated, our team will help you identify a solution that meets 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

This tax credit is not going to be the only savings you’ll observe when you buy a new high-efficiency heat pump. Several of the most efficient heat pumps can save you hundreds of dollars on your energy costs throughout the year. And you’ll also have higher confidence in your HVAC system to keep your house at just the right temperature.

Whether you think of questions regarding your eligibility for a tax credit, or if there are additional local savings you could be eligible for by installing a new high-efficiency heat pump, give our team at House of Heating Incorporated a call at 715-384-3163. You can also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.