For many families, there typically seems to be a long list of house projects that they want to get done or new ideas they’d like to do. While some may not be required, buying a new heat pump is a job that could be critical to keeping your indoor space comfortable through the cooler months in Chelan and Wenatchee.

Purchasing a new heat pump is a great investment. You’ll certainly notice the return on investment on your indoor comfort along with your monthly bills, but it might be a little intimidating at first. The good news is that when you select a new energy-efficient heat pump, you might 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 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 Lakeside Heating & Air, our team will help you choose a solution that matches 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 receive when you purchase a new high-efficiency heat pump. Many of the most efficient models can save you hundreds of dollars on your energy costs throughout the year. And the family will also have higher confidence in your HVAC system to help your home stay at just the right temperature.

If you come across questions concerning your eligibility for a tax credit, or if there are further local savings you might be eligible for by installing a new high-efficiency heat pump, give our pros at Lakeside Heating & Air a call at 509-284-4265. You can also visit ENERGY STAR or call your local utility establishment if you have questions about other eligible home products.