For a lot of homeowners, there always seems to be a lengthy list of home improvement to-do’s that they need to achieve or new ideas they’d like to try. While some may not be required, buying a new heat pump is a project that could be key to keeping your home comfortable throughout the chillier months in Chelan and Wenatchee.

Selecting a new heat pump is a great investment. You’ll definitely notice the return on investment on your indoor comfort as well as your utility costs, but it could be a little overwhelming at first. The good news is that when you pick 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 extended 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 browsing for heat pumps, look for types with the ENERGY STAR rating so you can be sure you’re choosing a high-efficiency heat pump.

At Lakeside Heating & Air, we’ll help you pick a solution that meets your needs and helps you qualify for this tax credit. While ENERGY STAR products designate high efficiency, you’ll need to 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

Taking advantage of this opportunity will not be the only savings you’ll receive when you buy a new high-efficiency heat pump. Some of the most efficient models can save you hundreds of dollars on your utility costs throughout the year. And the family will also have greater confidence in your HVAC system to help your home stay at just the right temperature.

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