For a lot of families, there always seems to be a large list of home improvement to-do’s that they need to achieve or new ideas they’d like to attempt. While several may not be required, buying a new heat pump is an example of a job that could be vital to keeping your house comfortable throughout the cooler months in Bartlesville.

Getting a new heat pump is a sizeable investment. You’ll certainly feel the return on investment on your indoor comfort in addition to your utility costs, but it might be a tad overwhelming at first. The good news is that when you select 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 pushed 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 researching heat pumps, keep an eye out for products with the ENERGY STAR rating so you can be confident you’re selecting a high-efficiency heat pump.

At Farris Heating & Air, we’ll help you find a solution that fits your needs and makes sure you qualify for this tax credit. While ENERGY STAR products signify high efficiency, you should confirm the heat pump you select 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 won’t be the only savings you’ll receive when you buy a new high-efficiency heat pump. Many of the most efficient solutions can save you hundreds of dollars on your energy costs all year long. And the family will also have higher confidence in your HVAC system to help your home stay at just the right temp.

Whether you come across questions about your eligibility for a tax credit, or if there are additional local savings you could be eligible for by purchasing a new high-efficiency heat pump, give our experts at Farris Heating & Air a call at 918-333-0376. You may also visit ENERGY STAR or reach out to your local utility establishment if you have questions about other eligible home products.