For many families, there usually seems to be a lengthy list of house projects that they want to complete or new ideas they’d like to attempt. While a few may not be required, purchasing a new heat pump is one job that could be vital to keeping your home comfortable during the chillier months in Booneville.

Getting a new heat pump is a large investment. You’ll certainly feel the return on investment on your indoor comfort along with your utility costs, but it might be a tad overwhelming at first. The good news is that when you select a new energy-efficient heat pump, you might 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 receive the tax credit, you must purchase a heat pump that has gotten the ENERGY STAR label. When shopping for heat pumps, look for types with the ENERGY STAR rating so you can be confident you’re choosing a high-efficiency heat pump.

At Booneville Heating & Cooling, our team will help you choose a solution that fits your needs and helps you qualify for this tax credit. While ENERGY STAR products designate 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

Qualifying for the tax credit won’t be the only savings you’ll find when you select a new high-efficiency heat pump. Several of the most efficient models can save you hundreds of dollars on your utility costs during the year. And the family will also have higher confidence in your HVAC system to maintain your indoor space at just the right temperature.

If you have questions about your eligibility for a tax credit, or if there are other local savings you could be eligible for by installing a new high-efficiency heat pump, give our team at Booneville Heating & Cooling a call at 662-269-8716. You could also visit ENERGY STAR or reach out to your local utility company if you have questions about other eligible home products.