For most homeowners, there always seems to be a long list of home improvement tasks that they would like to achieve or new ideas they’d like to attempt. While several may not be necessary, buying a new heat pump is an example of a project that could be critical to keeping your house comfortable through the cooler months in Mount Horeb.

Purchasing a new heat pump is a large investment. You’ll absolutely see the return on investment on your indoor comfort in addition to your energy bills, but it could be a little daunting at first. The good news is that when you pick 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 receive the tax credit, you must purchase a heat pump that has received the ENERGY STAR label. When shopping for heat pumps, keep an eye out for products with the ENERGY STAR rating so you can be certain you’re getting a high-efficiency heat pump.

At JW Brager Heating and Cooling, our experts help you choose a solution that fits your needs and helps 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

This tax credit won’t be the only savings you’ll find when you get a new high-efficiency heat pump. Some of the most efficient solutions can save you hundreds of dollars on your utility costs throughout the year. And your household will also have higher confidence in your HVAC system to help your home stay at just the right comfort level.

Whether you come across questions regarding your eligibility for a tax credit, or if there are additional local savings you might be eligible for by getting a new high-efficiency heat pump, give our team at JW Brager Heating and Cooling a call at 608-447-0555. You could also visit ENERGY STAR or reach out to your local utility organization if you have questions about other eligible home products.