For many families, there usually seems to be a large list of home to-do’s that they would like to achieve or new ideas they’d like to try. While several may not be necessary, purchasing a new heat pump is an example of a project that could be key to keeping your house comfortable throughout the cooler months in Muskogee.
Buying a new heat pump is a great investment. You’ll definitely recognize the return-on-investment on your indoor comfort as well as your energy bills, but it might 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 pushed through December 31, 2020. In order to get the tax credit, you must buy a heat pump that has gotten the ENERGY STAR label. When shopping for heat pumps, look for solutions with the ENERGY STAR rating so you can be certain you’re selecting a high-efficiency heat pump.
At Hix Air Conditioning Service, Inc., our experts help you choose a solution that meets your needs and makes sure you qualify for this tax credit. While ENERGY STAR products signify 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
Taking advantage of this opportunity won’t be the only savings you’ll observe when you select a new high-efficiency heat pump. Some of the most efficient models can save you hundreds of dollars on your energy bills all year long. And the family will also have higher confidence in your HVAC system to help your home stay at just the right comfort level.
Whether you come across questions concerning your eligibility for a tax credit, or if there are further local savings you might be eligible for by getting a new high-efficiency heat pump, give our experts at Hix Air Conditioning Service, Inc. a call at 918-682-8238. You could also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.