For a lot of families, there always seems to be a long list of home to-do’s that they would like to complete or new ideas they’d like to try. While a few may not be necessities, getting a new heat pump is a job that could be critical to keeping your house comfortable through the colder months in Port Clinton.
Purchasing a new heat pump is a big investment. You’ll certainly notice the return on investment on your indoor comfort as well as your energy bills, but it may be a little 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 extended through December 31, 2020. In order to obtain the tax credit, you must purchase a heat pump that has received the ENERGY STAR label. When browsing for heat pumps, keep an eye out for solutions with the ENERGY STAR rating so you can be certain you’re selecting a high-efficiency heat pump.
At Ohler & Holzhauer Inc., we’ll help you select a solution that meets your needs and helps you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, you’ll need to confirm the heat pump you pick 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 receive when you buy a new high-efficiency heat pump. Some of the most efficient models can save you hundreds of dollars on your utility costs during the year. And you’ll also have higher confidence in your HVAC system to keep your house at just the right comfort level.
If you think of questions concerning your eligibility for a tax credit, or if there are other local savings you might be eligible for by purchasing a new high-efficiency heat pump, give our pros at Ohler & Holzhauer Inc. a call at 419-732-2121. You can also visit ENERGY STAR or reach out to your local utility organization if you have questions about other eligible home products.