For most households, there always seems to be a lengthy list of home tasks that they need to get done or new ideas they’d like to do. While a few may not be required, buying a new heat pump is one task that could be critical to keeping your house comfortable throughout the colder 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 as well as your monthly bills, but it may be a tad overwhelming at first. The good news is that when you pick a new energy-efficient heat pump, you could be approved 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 receive the tax credit, you must select a heat pump that has gotten the ENERGY STAR label. When browsing for heat pumps, look for types with the ENERGY STAR rating so you can be certain you’re selecting a high-efficiency heat pump.

At Lakeside Heating & Air, our experts help you select a solution that matches your needs and helps you qualify for this tax credit. While ENERGY STAR products signify 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 won’t be the only savings you’ll observe when you buy a new high-efficiency heat pump. Some of the most efficient models can save you hundreds of dollars on your energy costs all year long. And the family will also have more confidence in your HVAC system to help your home stay at just the right temp.

When you have questions regarding your eligibility for a tax credit, or if there are other local savings you might be eligible for by purchasing a new high-efficiency heat pump, give our pros at Lakeside Heating & Air a call at 509-284-4265. You could also visit ENERGY STAR or reach out to your local utility company if you have questions about other eligible home products.