For many families, there always 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 some may not be necessary, buying a new heat pump is a job that could be vital to keeping your home comfortable throughout the chillier months in Rio Grande Valley.
Purchasing a new heat pump is a sizeable investment. You’ll definitely feel the return on investment on your indoor comfort in addition to your energy bills, but it could be a tad daunting at first. The good news is that when you select 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 extended through December 31, 2020. In order to get the tax credit, you must purchase a heat pump that has received the ENERGY STAR label. When researching heat pumps, keep an eye out for solutions with the ENERGY STAR rating so you can be certain you’re choosing a high-efficiency heat pump.
At Cytech Heating & Cooling L.C., our team will help you identify a solution that matches your needs and ensures you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, you should confirm the heat pump you buy 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 receive when you buy a new high-efficiency heat pump. Some of the most efficient models can save you hundreds of dollars on your energy costs all year long. And you’ll also have more confidence in your HVAC system to maintain your indoor space at just the right temperature.
When you have questions regarding your eligibility for a tax credit, or if there are additional local savings you might be eligible for by purchasing a new high-efficiency heat pump, give our pros at Cytech Heating & Cooling L.C. a call at 956-630-3522. You can also visit ENERGY STAR or call your local utility company if you have questions about other eligible home products.