family-comfortable-at-home

Can I earn a tax credit for my new heat pump?

For many families, there usually seems to be a large list of home improvement tasks that they need to get done or new ideas they’d like to attempt. While some may not be necessities, getting a new heat pump is an example of a job that could be vital to keeping your indoor space comfortable during the colder months in Tucson.

Purchasing a new heat pump is a big investment. You’ll certainly notice the return-on-investment on your indoor comfort as well as your energy bills, but it might be a tad intimidating 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 extended 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 types with the ENERGY STAR rating so you can be certain you’re choosing a high-efficiency heat pump.

At Ambient Air, we’ll help you find a solution that matches your needs and ensures you qualify for this tax credit. While ENERGY STAR products signify high efficiency, you’ll need to 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 will not be the only savings you’ll observe when you select a new high-efficiency heat pump. Many of the most efficient models can save you hundreds of dollars on your energy bills throughout the year. And you’ll also have higher confidence in your HVAC system to keep your house at just the right temp.

When you think of questions concerning your eligibility for a tax credit, or if there are other local savings you could be eligible for by getting a new high-efficiency heat pump, give our team at Ambient Air a call at 520-201-3871. You may also visit ENERGY STAR or call your local utility company if you have questions about other eligible home products.

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