For most families, there typically seems to be a large list of house tasks that they would like to get done or new ideas they’d like to do. While some may not be required, getting a new heat pump is an example of a project that could be key to keeping your house comfortable during the chillier months in Michigan City.

Selecting a new heat pump is a great investment. You’ll certainly see the return on investment on your indoor comfort as well as your energy bills, but it could be a little overwhelming at first. The good news is that when you pick a new energy-efficient heat pump, you could be qualified for a federal tax credit.

According to ENERGY STAR®, the Non-Business Energy Property Tax Credits were prolonged through December 31, 2020. In order to obtain the tax credit, you must select a heat pump that has received the ENERGY STAR label. When shopping for heat pumps, watch for types with the ENERGY STAR rating so you can be certain you’re choosing a high-efficiency heat pump.

At Hoekstra - Paniccia Heating & Air Conditioning, our team will help you identify a solution that fits your needs and ensures you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, you’ll need to confirm the heat pump you pick 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

Taking advantage of this opportunity is not going to be the only savings you’ll receive when you purchase a new high-efficiency heat pump. Many of the most efficient heat pumps can save you hundreds of dollars on your energy bills throughout the year. And the family will also have higher confidence in your HVAC system to maintain your indoor space at just the right temperature.

When you come across questions about your eligibility for a tax credit, or if there are further local savings you could be eligible for by getting a new high-efficiency heat pump, give our team at Hoekstra - Paniccia Heating & Air Conditioning a call at 219-872-2198. You may also visit ENERGY STAR or reach out to your local utility company if you have questions about other eligible home products.