For many families, there usually seems to be a long list of home projects that they need to get done or new ideas they’d like to do. While a few may not be necessities, purchasing a new heat pump is a job that could be key to keeping your home comfortable through the colder months in Croydon.

Selecting a new heat pump is a large investment. You’ll definitely see the return on investment on your indoor comfort in addition to your monthly bills, but it may be a little intimidating at first. The good news is that when you select a new energy-efficient heat pump, you might 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 receive the tax credit, you must buy a heat pump that has received the ENERGY STAR label. When shopping for heat pumps, keep an eye out for types with the ENERGY STAR rating so you can be sure you’re choosing a high-efficiency heat pump.

At Indoor Comfort Systems HVAC, our experts help you select a solution that fits your needs and helps you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, you should 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

Qualifying for the tax credit will not be the only savings you’ll find when you get a new high-efficiency heat pump. Many of the most efficient models can save you hundreds of dollars on your utility costs all year long. And your household will also have more confidence in your HVAC system to maintain your indoor space at just the right temperature.

When you have questions concerning your eligibility for a tax credit, or if there are other local savings you might be eligible for by purchasing a new high-efficiency heat pump, give our pros at Indoor Comfort Systems HVAC a call at 215-741-5505. You can also visit ENERGY STAR or call your local utility establishment if you have questions about other eligible home products.