For most homeowners, there usually seems to be a large list of home improvement tasks that they would like to get done or new ideas they’d like to try. While several may not be necessary, buying a new heat pump is a project that could be vital to keeping your house comfortable through the colder months in Cottonwood & Verde Valley.

Buying a new heat pump is a sizeable investment. You’ll absolutely notice the return on investment on your indoor comfort as well as your monthly bills, but it could be a bit intimidating at first. The good news is that when you pick 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 pushed 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 researching heat pumps, watch for products with the ENERGY STAR rating so you can be confident you’re selecting a high-efficiency heat pump.

At Connolly Electric & Mechanical, we’ll help you find a solution that meets your needs and ensures you qualify for this tax credit. While ENERGY STAR products indicate 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 get a new high-efficiency heat pump. Many of the most efficient heat pumps can save you hundreds of dollars on your energy bills during the year. And the family will 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 might be eligible for by purchasing a new high-efficiency heat pump, give our pros at Connolly Electric & Mechanical a call at 928-862-5977. You may also visit ENERGY STAR or call your local utility establishment if you have questions about other eligible home products.