For many families, there always seems to be a large list of home improvement to-do’s that they would like to complete or new ideas they’d like to try. While a few may not be necessities, buying a new heat pump is an example of a job that could be critical to keeping your home comfortable throughout the cooler months in Hasbrouck Heights.

Buying a new heat pump is a sizeable investment. You’ll absolutely feel the return on investment on your indoor comfort in addition to your utility costs, but it may be a tad overwhelming 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 extended through December 31, 2020. In order to get the tax credit, you must buy a heat pump that has gotten the ENERGY STAR label. When shopping for heat pumps, keep an eye out for solutions with the ENERGY STAR rating so you can be certain you’re getting a high-efficiency heat pump.

At ACE Solutions, our experts help you identify a solution that meets your needs and ensures you qualify for this tax credit. While ENERGY STAR products designate high efficiency, it’s important to confirm the heat pump you buy 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 won’t be the only savings you’ll find when you select a new high-efficiency heat pump. Many of the most efficient solutions can save you hundreds of dollars on your utility costs all year long. And you’ll also have greater confidence in your HVAC system to help your home stay at just the right comfort level.

If you have questions concerning your eligibility for a tax credit, or if there are other local savings you could be eligible for by purchasing a new high-efficiency heat pump, give our pros at ACE Solutions a call at 201-426-0650. You may also visit ENERGY STAR or call your local utility company if you have questions about other eligible home products.