For a lot of households, there always seems to be a lengthy list of home improvement to-do’s that they would like to achieve or new ideas they’d like to try. While several may not be required, getting a new heat pump is an example of a task that could be key to keeping your indoor space comfortable throughout the colder months in Newport.

Getting a new heat pump is a sizeable investment. You’ll definitely realize the return on investment on your indoor comfort in addition to your energy bills, but it could be a tad intimidating at first. The good news is that when you purchase 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 get the tax credit, you must buy a heat pump that has gotten the ENERGY STAR label. When shopping for heat pumps, watch for types with the ENERGY STAR rating so you can be confident you’re choosing a high-efficiency heat pump.

At Antonelli Comfort Solutions, our team will help you pick 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 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

This tax credit will not be the only savings you’ll find when you select a new high-efficiency heat pump. Some of the most efficient solutions can save you hundreds of dollars on your energy costs all year long. And you’ll also have greater confidence in your HVAC system to help your home stay at just the right temp.

If you come across questions regarding your eligibility for a tax credit, or if there are other local savings you might be eligible for by getting a new high-efficiency heat pump, give our experts at Antonelli Comfort Solutions a call at 252-424-0803. You can also visit ENERGY STAR or call your local utility organization if you have questions about other eligible home products.