For a lot of households, there typically seems to be a large list of house tasks that they would like to get done or new ideas they’d like to try. While several may not be necessary, getting a new heat pump is a project that could be vital to keeping your home comfortable throughout the colder months in Longview.

Purchasing a new heat pump is a sizeable investment. You’ll definitely see the return on investment on your indoor comfort as well as your monthly bills, but it may be a tad daunting at first. The good news is that when you purchase a new energy-efficient heat pump, you could be eligible 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 purchase a heat pump that has received the ENERGY STAR label. When browsing for heat pumps, watch for types with the ENERGY STAR rating so you can be confident you’re selecting a high-efficiency heat pump.

At Goode Bros AC & Heating, our experts help you choose a solution that fits your needs and ensures you qualify for this tax credit. While ENERGY STAR products designate high efficiency, it’s important to confirm the heat pump you buy 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 observe when you select a new high-efficiency heat pump. Several of the most efficient heat pumps can save you hundreds of dollars on your energy bills during the year. And your household will also have greater confidence in your HVAC system to keep your house at just the right temperature.

Whether you think of questions regarding your eligibility for a tax credit, or if there are further local savings you might be eligible for by installing a new high-efficiency heat pump, give our experts at Goode Bros AC & Heating a call at 903-284-2612. You may also visit ENERGY STAR or reach out to your local utility establishment if you have questions about other eligible home products.