For a lot of homeowners, there usually seems to be a large list of home improvement projects that they need to get done or new ideas they’d like to attempt. While several may not be necessary, getting a new heat pump is an example of a task that could be critical to keeping your house comfortable during the cooler months in Cape Girardeau.

Buying a new heat pump is a sizeable investment. You’ll definitely realize the return on investment on your indoor comfort as well as your energy bills, but it might be a bit intimidating at first. The good news is that when you purchase a new energy-efficient heat pump, you may be qualified 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 purchase a heat pump that has received the ENERGY STAR label. When browsing for heat pumps, look for types with the ENERGY STAR rating so you can be confident you’re choosing a high-efficiency heat pump.

At Prestige Plumbing and Air, our team will help you pick 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 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 is not going to be the only savings you’ll find when you buy a new high-efficiency heat pump. Many of the most efficient heat pumps can save you hundreds of dollars on your utility costs during the year. And your household will also have greater confidence in your HVAC system to keep your house at just the right comfort level.

When you think of 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 team at Prestige Plumbing and Air a call at 573-510-2535. You can also visit ENERGY STAR or call your local utility establishment if you have questions about other eligible home products.