For most homeowners, there typically seems to be a large list of house tasks that they would like to complete or new ideas they’d like to attempt. While some may not be necessary, getting a new heat pump is one task that could be critical to keeping your house comfortable throughout the colder months in Mount Horeb.

Buying a new heat pump is a large investment. You’ll certainly feel the return on investment on your indoor comfort as well as your energy bills, but it may be a bit daunting at first. The good news is that when you select a new energy-efficient heat pump, you might be approved 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 gotten the ENERGY STAR label. When shopping for heat pumps, watch for products with the ENERGY STAR rating so you can be sure you’re selecting a high-efficiency heat pump.

At JW Brager Heating and Cooling, our team will help you select a solution that matches your needs and makes sure you qualify for this tax credit. While ENERGY STAR products signify high efficiency, it’s important to 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 observe when you select a new high-efficiency heat pump. Several of the most efficient solutions can save you hundreds of dollars on your energy bills during the year. And you’ll also have greater confidence in your HVAC system to maintain your indoor space at just the right temp.

Whether you come across questions about your eligibility for a tax credit, or if there are additional local savings you may be eligible for by purchasing a new high-efficiency heat pump, give our experts at JW Brager Heating and Cooling a call at 608-447-0555. You can also visit ENERGY STAR or reach out to your local utility company if you have questions about other eligible home products.