For many families, there typically seems to be a long list of home improvement to-do’s that they need to get done or new ideas they’d like to do. While some may not be necessary, getting a new heat pump is an example of a job that could be vital to keeping your indoor space comfortable throughout the chillier months in Holbrook.

Purchasing a new heat pump is a sizeable investment. You’ll definitely realize the return on investment on your indoor comfort as well as your utility costs, but it might be a tad daunting at first. The good news is that when you buy 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 pushed through December 31, 2020. In order to get the tax credit, you must select a heat pump that has received the ENERGY STAR label. When shopping for 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 Fal-Ken Heating & Cooling Corporation, our team will help you select a solution that meets your needs and makes sure you qualify for this tax credit. While ENERGY STAR products designate high efficiency, it’s important to 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 observe when you purchase a new high-efficiency heat pump. Many of the most efficient heat pumps can save you hundreds of dollars on your utility costs all year long. And your household will also have greater confidence in your HVAC system to maintain your indoor space at just the right comfort level.

Whether you come across questions concerning your eligibility for a tax credit, or if there are other local savings you may be eligible for by installing a new high-efficiency heat pump, give our experts at Fal-Ken Heating & Cooling Corporation a call at 631-460-5159. You can also visit ENERGY STAR or reach out to your local utility establishment if you have questions about other eligible home products.