For a lot of homeowners, there usually seems to be a lengthy list of home improvement to-do’s that they need to achieve or new ideas they’d like to try. While several may not be required, purchasing a new heat pump is an example of a task that could be vital to keeping your home comfortable through the chillier months in Lafayette.

Buying a new heat pump is a big investment. You’ll certainly see the return on investment on your indoor comfort in addition to your utility costs, but it could be a bit overwhelming at first. The good news is that when you pick 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 receive the tax credit, you must purchase a heat pump that has earned the ENERGY STAR label. When researching heat pumps, keep an eye out for products with the ENERGY STAR rating so you can be certain you’re choosing a high-efficiency heat pump.

At AC Sales, our team will help you pick a solution that matches your needs and makes sure you qualify for this tax credit. While ENERGY STAR products signify high efficiency, you’ll need to confirm the heat pump you purchase 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 won’t be the only savings you’ll observe 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 throughout the year. And the family will also have higher confidence in your HVAC system to help your home stay at just the right comfort level.

If you come across questions about your eligibility for a tax credit, or if there are further local savings you may be eligible for by installing a new high-efficiency heat pump, give our pros at AC Sales a call at (337) 234-2345. You can also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.