For a lot of households, there typically seems to be a lengthy list of house tasks that they want to get done or new ideas they’d like to attempt. While some may not be necessities, buying a new heat pump is one task that could be critical to keeping your indoor space comfortable during the cooler months in Marshalltown.

Selecting a new heat pump is a sizeable 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 daunting at first. The good news is that when you pick a new energy-efficient heat pump, you might 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 purchase a heat pump that has earned the ENERGY STAR label. When shopping for heat pumps, keep an eye out for products with the ENERGY STAR rating so you can be certain you’re selecting a high-efficiency heat pump.

At Kapaun & Brown, we’ll help you find a solution that meets your needs and helps you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, it’s important to 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

Qualifying for the tax credit won’t be the only savings you’ll find when you purchase a new high-efficiency heat pump. Some of the most efficient solutions can save you hundreds of dollars on your energy 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 comfort level.

Whether you have questions regarding your eligibility for a tax credit, or if there are additional local savings you might be eligible for by installing a new high-efficiency heat pump, give our experts at Kapaun & Brown a call at 641-812-2028. You can also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.