For most families, there always seems to be a large list of home improvement to-do’s that they would like to complete or new ideas they’d like to do. While a few may not be required, buying a new heat pump is one task that could be critical to keeping your home comfortable through the cooler months in Heflin.

Purchasing a new heat pump is a large investment. You’ll definitely see the return on investment on your indoor comfort as well as your utility costs, but it could be a little overwhelming at first. The good news is that when you buy a new energy-efficient heat pump, you could 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 obtain the tax credit, you must select a heat pump that has received the ENERGY STAR label. When browsing for heat pumps, keep an eye out for solutions with the ENERGY STAR rating so you can be sure you’re getting a high-efficiency heat pump.

At Bain Heating & Air Conditioning, we’ll help you select a solution that matches your needs and helps you qualify for this tax credit. While ENERGY STAR products signify 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

Qualifying for the tax credit is not going to be the only savings you’ll observe when you get a new high-efficiency heat pump. Some of the most efficient heat pumps can save you hundreds of dollars on your utility costs throughout the year. And you’ll also have greater confidence in your HVAC system to keep your house at just the right temperature.

Whether you have questions concerning your eligibility for a tax credit, or if there are additional local savings you could be eligible for by installing a new high-efficiency heat pump, give our experts at Bain Heating & Air Conditioning a call at 256-270-1196. You could also visit ENERGY STAR or call your local utility company if you have questions about other eligible home products.