For many households, there usually seems to be a large list of house to-do’s that they would like to complete or new ideas they’d like to try. While several may not be required, purchasing a new heat pump is a project that could be vital to keeping your indoor space comfortable during the cooler months in Clearwater.

Purchasing a new heat pump is a great investment. You’ll certainly notice the return on investment on your indoor comfort in addition to your utility costs, but it might be a little daunting at first. The good news is that when you purchase a new energy-efficient heat pump, you might be approved 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 shopping for heat pumps, watch for products with the ENERGY STAR rating so you can be sure you’re selecting a high-efficiency heat pump.

At Reliant Heating and Air Conditioning, our team will help you choose a solution that matches your needs and helps you qualify for this tax credit. While ENERGY STAR products designate high efficiency, you should 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 will not be the only savings you’ll find when you select a new high-efficiency heat pump. Several of the most efficient solutions can save you hundreds of dollars on your utility costs all year long. And your household will also have greater confidence in your HVAC system to maintain your indoor space at just the right temp.

When you think of questions about your eligibility for a tax credit, or if there are other local savings you might be eligible for by getting a new high-efficiency heat pump, give our pros at Reliant Heating and Air Conditioning a call at 727-219-2325. You can also visit ENERGY STAR or reach out to your local utility establishment if you have questions about other eligible home products.