For most families, there usually seems to be a long list of home to-do’s that they would like to get done or new ideas they’d like to attempt. While several may not be necessities, buying a new heat pump is one job that could be vital to keeping your house comfortable during the colder months in Port Clinton.
Getting a new heat pump is a big investment. You’ll absolutely notice the return on investment on your indoor comfort as well as your utility costs, but it may be a tad daunting 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 extended through December 31, 2020. In order to get the tax credit, you must purchase a heat pump that has received the ENERGY STAR label. When shopping for heat pumps, look for solutions with the ENERGY STAR rating so you can be certain you’re choosing a high-efficiency heat pump.
At Ohler & Holzhauer Inc., our team will help you find a solution that fits 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 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
Qualifying for the tax credit is not going to be the only savings you’ll receive 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 your household will also have greater confidence in your HVAC system to keep your house at just the right temp.
Whether you have questions regarding your eligibility for a tax credit, or if there are further local savings you may be eligible for by purchasing a new high-efficiency heat pump, give our experts at Ohler & Holzhauer Inc. a call at 419-465-8722. You can also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.