For many households, there typically seems to be a large list of home to-do’s that they need to get done or new ideas they’d like to attempt. While a few may not be required, purchasing a new heat pump is one task that could be critical to keeping your indoor space comfortable during the chillier months in Harrisonville and Raymore.

Getting a new heat pump is a large investment. You’ll certainly see the return on investment on your indoor comfort as well as your monthly bills, but it might be a little intimidating at first. The good news is that when you buy a new energy-efficient heat pump, you might be eligible 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 get the tax credit, you must select a heat pump that has gotten the ENERGY STAR label. When browsing for heat pumps, keep an eye out for types with the ENERGY STAR rating so you can be sure you’re selecting a high-efficiency heat pump.

At Balance Point Heating & Cooling, we’ll help you choose a solution that meets your needs and makes sure you qualify for this tax credit. While ENERGY STAR products designate high efficiency, you should 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

Qualifying for the tax credit will not be the only savings you’ll receive when you select a new high-efficiency heat pump. Several of the most efficient solutions can save you hundreds of dollars on your utility costs during the year. And the family will also have more confidence in your HVAC system to maintain your indoor space at just the right temperature.

If you have questions concerning your eligibility for a tax credit, or if there are additional local savings you could be eligible for by installing a new high-efficiency heat pump, give our pros at Balance Point Heating & Cooling a call at 816-265-0448. You may also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.