For most families, there usually seems to be a long list of home improvement to-do’s that they need to complete or new ideas they’d like to try. While a few may not be required, purchasing a new heat pump is one job that could be vital to keeping your indoor space comfortable throughout the chillier months in Los Angeles.
Purchasing a new heat pump is a great investment. You’ll absolutely see the return on investment on your indoor comfort as well as your monthly bills, but it could be a tad intimidating at first. The good news is that when you select a new energy-efficient heat pump, you may be approved 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 get the tax credit, you must purchase a heat pump that has earned the ENERGY STAR label. When researching heat pumps, watch for solutions with the ENERGY STAR rating so you can be confident you’re selecting a high-efficiency heat pump.
At AZ Air Conditioning and Heating, our team will help you choose a solution that matches your needs and makes sure you qualify for this tax credit. While ENERGY STAR products signify high efficiency, you should confirm the heat pump you select 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 receive when you get a new high-efficiency heat pump. Several 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 higher confidence in your HVAC system to help your home stay at just the right temp.
Whether you come across questions concerning 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 experts at AZ Air Conditioning and Heating a call at 800-296-5088. You can also visit ENERGY STAR or call your local utility organization if you have questions about other eligible home products.