For most families, there always seems to be a long list of house to-do’s that they want to achieve or new ideas they’d like to try. While a few may not be required, getting a new heat pump is a job that could be critical to keeping your indoor space comfortable throughout the chillier months in Muldrow.

Selecting a new heat pump is a big investment. You’ll definitely see the return on investment on your indoor comfort along with your monthly bills, but it may be a little daunting at first. The good news is that when you select 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 obtain the tax credit, you must buy a heat pump that has received the ENERGY STAR label. When shopping for heat pumps, look for products with the ENERGY STAR rating so you can be sure you’re selecting a high-efficiency heat pump.

At Air Service Co., our experts help you select a solution that fits your needs and helps you qualify for this tax credit. While ENERGY STAR products designate high efficiency, it’s important to confirm the heat pump you select 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 is not going to be the only savings you’ll find when you select a new high-efficiency heat pump. Several of the most efficient heat pumps can save you hundreds of dollars on your utility costs throughout the year. And the family will also have more confidence in your HVAC system to maintain your indoor space at just the right comfort level.

When you have questions regarding your eligibility for a tax credit, or if there are other local savings you might be eligible for by installing a new high-efficiency heat pump, give our experts at Air Service Co. a call at 918-212-8943. You could also visit ENERGY STAR or reach out to your local utility company if you have questions about other eligible home products.