For a lot of families, there typically seems to be a long list of home improvement to-do’s that they need to achieve or new ideas they’d like to attempt. While a few may not be necessary, getting a new heat pump is an example of a project that could be vital to keeping your home comfortable throughout the colder months in Chelan and Wenatchee.

Purchasing a new heat pump is a sizeable investment. You’ll certainly recognize the return on investment on your indoor comfort as well as your monthly bills, but it may be a bit 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 received the ENERGY STAR label. When researching heat pumps, watch for solutions with the ENERGY STAR rating so you can be sure you’re getting a high-efficiency heat pump.

At Lakeside Heating & Air, we’ll help you find a solution that matches 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 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

Taking advantage of this opportunity is not going to be the only savings you’ll find when you get a new high-efficiency heat pump. Several of the most efficient models can save you hundreds of dollars on your energy bills throughout the year. And the family will also have greater confidence in your HVAC system to maintain your indoor space at just the right temperature.

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