For many homeowners, there always seems to be a lengthy list of home improvement to-do’s that they want to achieve or new ideas they’d like to do. While some may not be necessities, purchasing a new heat pump is an example of a task that could be critical to keeping your indoor space comfortable throughout the chillier months in Los Angeles.
Selecting a new heat pump is a large investment. You’ll definitely recognize the return on investment on your indoor comfort in addition to your monthly bills, but it could be a bit daunting at first. The good news is that when you buy 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 extended through December 31, 2020. In order to obtain the tax credit, you must purchase a heat pump that has earned the ENERGY STAR label. When shopping for heat pumps, watch for solutions with the ENERGY STAR rating so you can be certain you’re getting a high-efficiency heat pump.
At AZ Air Conditioning and Heating, we’ll help you choose a solution that matches your needs and helps 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
Qualifying for the tax credit is not going to be the only savings you’ll find when you purchase a new high-efficiency heat pump. Many of the most efficient heat pumps can save you hundreds of dollars on your utility costs during the year. And the family will also have more confidence in your HVAC system to maintain your indoor space at just the right temp.
Whether you think of questions about your eligibility for a tax credit, or if there are additional local savings you may be eligible for by purchasing a new high-efficiency heat pump, give our pros at AZ Air Conditioning and Heating a call at (877) 559-6081. You can also visit ENERGY STAR or call your local utility organization if you have questions about other eligible home products.
