For many homeowners, there always seems to be a long list of home improvement projects that they would like to get done or new ideas they’d like to attempt. While some may not be necessities, getting a new heat pump is an example of a task that could be vital to keeping your home comfortable during the cooler months in Port Clinton.

Buying a new heat pump is a big investment. You’ll definitely see the return on investment on your indoor comfort in addition to your utility costs, but it may be a bit daunting at first. The good news is that when you pick a new energy-efficient heat pump, you may be qualified 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 browsing for heat pumps, keep an eye out for products with the ENERGY STAR rating so you can be sure you’re getting a high-efficiency heat pump.

At Ohler & Holzhauer Inc., we’ll help you identify a solution that matches your needs and makes sure you qualify for this tax credit. While ENERGY STAR products designate high efficiency, you should 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 observe when you buy a new high-efficiency heat pump. Several of the most efficient models can save you hundreds of dollars on your energy bills all year long. And your household will also have higher confidence in your HVAC system to keep your house at just the right temp.

When you have questions concerning your eligibility for a tax credit, or if there are additional local savings you could be eligible for by installing 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 reach out to your local utility company if you have questions about other eligible home products.