For most families, there typically seems to be a lengthy list of home projects that they want to get done or new ideas they’d like to do. While some may not be required, purchasing a new heat pump is a project that could be vital to keeping your indoor space comfortable through the chillier months in Irvine.

Getting a new heat pump is a big investment. You’ll absolutely see the return on investment on your indoor comfort in addition to your utility costs, but it might be a little intimidating at first. The good news is that when you select a new energy-efficient heat pump, you could be qualified for a federal tax credit.

According to ENERGY STAR®, the Non-Business Energy Property Tax Credits were pushed through December 31, 2020. In order to receive the tax credit, you must buy a heat pump that has earned the ENERGY STAR label. When researching heat pumps, keep an eye out for products with the ENERGY STAR rating so you can be confident you’re getting a high-efficiency heat pump.

At Silver Fox Cooling & Heating, we’ll help you select a solution that fits your needs and helps you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, you should confirm the heat pump you choose 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

This tax credit won’t 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 energy costs throughout the year. And you’ll also have more confidence in your HVAC system to help your home stay at just the right comfort level.

If you have questions regarding your eligibility for a tax credit, or if there are additional local savings you could be eligible for by purchasing a new high-efficiency heat pump, give our experts at Silver Fox Cooling & Heating a call at 949-377-0183. You can also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.