For many households, there always seems to be a long list of home to-do’s that they want to complete or new ideas they’d like to do. While some may not be necessary, getting a new heat pump is one project that could be vital to keeping your house comfortable throughout the chillier months in Holbrook.

Buying a new heat pump is a sizeable investment. You’ll definitely feel the return on investment on your indoor comfort along with your utility costs, but it may be a tad intimidating at first. The good news is that when you buy a new energy-efficient heat pump, you could 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 select a heat pump that has earned the ENERGY STAR label. When browsing for heat pumps, keep an eye out for solutions with the ENERGY STAR rating so you can be confident you’re selecting a high-efficiency heat pump.

At Fal-Ken Heating & Cooling Corporation, our experts help you choose a solution that matches your needs and makes sure you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, you should 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

Taking advantage of this opportunity is not going to be the only savings you’ll find when you select a new high-efficiency heat pump. Several of the most efficient models can save you hundreds of dollars on your energy bills during the year. And your household will also have more confidence in your HVAC system to keep your house at just the right temp.

When you have questions regarding your eligibility for a tax credit, or if there are additional local savings you might be eligible for by installing a new high-efficiency heat pump, give our experts at Fal-Ken Heating & Cooling Corporation a call at 631-460-5159. You can also visit ENERGY STAR or reach out to your local utility company if you have questions about other eligible home products.