For many families, there usually seems to be a lengthy list of house to-do’s that they want to complete or new ideas they’d like to attempt. While several may not be necessities, purchasing a new heat pump is a job that could be key to keeping your house comfortable throughout the chillier months in Paxinos.

Purchasing a new heat pump is a big investment. You’ll absolutely realize the return on investment on your indoor comfort in addition to your energy bills, but it could be a bit intimidating at first. The good news is that when you buy a new energy-efficient heat pump, you may 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 receive the tax credit, you must select a heat pump that has gotten the ENERGY STAR label. When browsing for heat pumps, watch for products with the ENERGY STAR rating so you can be sure you’re selecting a high-efficiency heat pump.

At LTS Plumbing & Heating Inc., our team will help you choose a solution that matches your needs and helps you qualify for this tax credit. While ENERGY STAR products designate high efficiency, it’s important 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

This tax credit will not 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 utility costs during the year. And you’ll also have greater confidence in your HVAC system to maintain your indoor space 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 may be eligible for by purchasing a new high-efficiency heat pump, give our pros at LTS Plumbing & Heating Inc. a call at 570-648-0748. You could also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.