For most households, there always seems to be a large list of home improvement tasks that they need to get done or new ideas they’d like to attempt. While a few may not be required, buying a new heat pump is one task that could be vital to keeping your house comfortable throughout the colder months in St. Cloud.
Purchasing a new heat pump is a sizeable investment. You’ll absolutely feel the return-on-investment on your indoor comfort along with your energy bills, but it could be a bit overwhelming at first. The good news is that when you pick 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 buy a heat pump that has received the ENERGY STAR label. When shopping for heat pumps, watch for types with the ENERGY STAR rating so you can be certain you’re selecting a high-efficiency heat pump.
At Osceola Air, LLC, we’ll help you find a solution that matches your needs and ensures you qualify for this tax credit. While ENERGY STAR products signify high efficiency, you’ll need to confirm the heat pump you choose 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 won’t be the only savings you’ll receive when you get 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 you’ll also have greater confidence in your HVAC system to maintain your indoor space at just the right comfort level.
If you think of questions about your eligibility for a tax credit, or if there are other local savings you could be eligible for by getting a new high-efficiency heat pump, give our team at Osceola Air, LLC a call at 407-477-6319. You may also visit ENERGY STAR or reach out to your local utility establishment if you have questions about other eligible home products.