For many homeowners, there usually seems to be a lengthy list of house to-do’s that they want to get done or new ideas they’d like to attempt. While some may not be necessities, buying a new heat pump is a project that could be critical to keeping your home comfortable throughout the chillier months in Chester.

Purchasing a new heat pump is a sizeable investment. You’ll certainly notice the return on investment on your indoor comfort in addition to your energy bills, but it could be a little 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 buy a heat pump that has received the ENERGY STAR label. When researching heat pumps, watch for types with the ENERGY STAR rating so you can be sure you’re choosing a high-efficiency heat pump.

At Korando Heating & Cooling, Inc., we’ll help you choose a solution that meets 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 select 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 will not be the only savings you’ll receive when you buy a new high-efficiency heat pump. Several of the most efficient heat pumps can save you hundreds of dollars on your energy bills all year long. And you’ll also have higher confidence in your HVAC system to maintain your indoor space at just the right temp.

When you have questions regarding 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 experts at Korando Heating & Cooling, Inc. a call at 618-826-2151. You may also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.