For many families, there typically seems to be a long list of home to-do’s that they want to get done or new ideas they’d like to attempt. While some may not be necessities, purchasing a new heat pump is one project that could be critical to keeping your indoor space comfortable throughout the chillier months in Sacramento.
Purchasing a new heat pump is a great investment. You’ll certainly see the return on investment on your indoor comfort in addition to your energy bills, but it might be a little daunting at first. The good news is that when you select a new energy-efficient heat pump, you could be approved 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 purchase a heat pump that has received the ENERGY STAR label. When researching heat pumps, watch for types with the ENERGY STAR rating so you can be confident you’re getting a high-efficiency heat pump.
At Bishop’s HVAC, our team will help you choose a solution that matches your needs and ensures you qualify for this tax credit. While ENERGY STAR products designate high efficiency, you should 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 you’ll also have higher confidence in your HVAC system to keep your house at just the right comfort level.
Whether you think of questions regarding your eligibility for a tax credit, or if there are further local savings you might be eligible for by getting a new high-efficiency heat pump, give our pros at Bishop’s HVAC a call at 916-591-6889. You may also visit ENERGY STAR or reach out to your local utility establishment if you have questions about other eligible home products.