For many households, there usually seems to be a lengthy list of home projects that they want to achieve or new ideas they’d like to do. While a few may not be necessities, purchasing a new heat pump is a task that could be key to keeping your indoor space comfortable throughout the colder months in Hasbrouck Heights.
Selecting a new heat pump is a big investment. You’ll definitely feel the return on investment on your indoor comfort as well as your monthly bills, but it might be a tad daunting at first. The good news is that when you pick 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 prolonged through December 31, 2020. In order to receive the tax credit, you must select a heat pump that has gotten the ENERGY STAR label. When researching heat pumps, keep an eye out for solutions with the ENERGY STAR rating so you can be confident you’re choosing a high-efficiency heat pump.
At ACE Solutions, our experts help you identify a solution that meets 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
Taking advantage of this opportunity is not going to be the only savings you’ll find when you buy a new high-efficiency heat pump. Several of the most efficient solutions can save you hundreds of dollars on your energy bills during the year. And the family will also have more confidence in your HVAC system to keep your house at just the right temperature.
If you have questions concerning your eligibility for a tax credit, or if there are further local savings you could be eligible for by getting a new high-efficiency heat pump, give our experts at ACE Solutions a call at 201-579-2562. You could also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.