For a lot of homeowners, there typically seems to be a long list of home improvement tasks that they would like to get done or new ideas they’d like to attempt. While some may not be necessities, purchasing a new heat pump is a task that could be key to keeping your house comfortable throughout the chillier months in Freehold.

Selecting a new heat pump is a large investment. You’ll absolutely feel the return on investment on your indoor comfort as well as your energy bills, but it could be a little overwhelming at first. The good news is that when you pick 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 extended through December 31, 2020. In order to get the tax credit, you must buy a heat pump that has earned the ENERGY STAR label. When researching heat pumps, look for types with the ENERGY STAR rating so you can be confident you’re getting a high-efficiency heat pump.

At Perfect Air & Water Services, we’ll help you identify a solution that fits your needs and ensures you qualify for this tax credit. While ENERGY STAR products signify 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

This tax credit is not going to be the only savings you’ll find when you select a new high-efficiency heat pump. Several of the most efficient heat pumps can save you hundreds of dollars on your energy bills during the year. And your household will also have more confidence in your HVAC system to keep your house at just the right comfort level.

Whether you have questions regarding your eligibility for a tax credit, or if there are further local savings you could be eligible for by installing a new high-efficiency heat pump, give our experts at Perfect Air & Water Services a call at 848-361-4516. You can also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.