For most households, there usually seems to be a long list of home improvement to-do’s that they need to complete or new ideas they’d like to try. While several may not be necessities, getting a new heat pump is a task that could be critical to keeping your indoor space comfortable during the cooler months in Shamokin and Sunbury.
Buying a new heat pump is a big investment. You’ll definitely feel the return on investment on your indoor comfort as well as your utility costs, but it could be a little overwhelming at first. The good news is that when you buy a new energy-efficient heat pump, you may be qualified for a federal tax credit.
According to ENERGY STAR®, the Non-Business Energy Property Tax Credits were prolonged through December 31, 2020. In order to get the tax credit, you must select 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 getting a high-efficiency heat pump.
At LTS Plumbing & Heating Inc., our experts help you identify a solution that meets 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 pick 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 will not be the only savings you’ll find when you purchase a new high-efficiency heat pump. Several of the most efficient models can save you hundreds of dollars on your energy bills throughout the year. And your household will also have greater confidence in your HVAC system to help your home stay at just the right temp.
When you come across questions concerning your eligibility for a tax credit, or if there are further local savings you might be eligible for by purchasing a new high-efficiency heat pump, give our experts at LTS Plumbing & Heating Inc. a call at 570-648-0748. You may also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.