For a lot of families, there typically seems to be a long list of house projects that they would like to get done or new ideas they’d like to do. While some may not be required, purchasing a new heat pump is one task that could be critical to keeping your indoor space comfortable during the colder months in Safford.
Getting a new heat pump is a large investment. You’ll certainly see the return-on-investment on your indoor comfort in addition to your monthly bills, but it might be a tad overwhelming at first. The good news is that when you buy 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 pushed through December 31, 2020. In order to get the tax credit, you must buy a heat pump that has received the ENERGY STAR label. When researching heat pumps, look for types with the ENERGY STAR rating so you can be certain you’re selecting a high-efficiency heat pump.
At B&D Air Conditioning, our experts help you select a solution that matches your needs and helps you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, it’s important 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 observe when you select a new high-efficiency heat pump. Many of the most efficient solutions can save you hundreds of dollars on your energy bills during the year. And the family will also have greater confidence in your HVAC system to help your home stay at just the right comfort level.
When you have questions concerning your eligibility for a tax credit, or if there are additional local savings you could be eligible for by purchasing a new high-efficiency heat pump, give our pros at B&D Air Conditioning a call at 928-432-6018. You may also visit ENERGY STAR or call your local utility company if you have questions about other eligible home products.