For a lot of homeowners, there always seems to be a large list of home improvement tasks that they need to complete or new ideas they’d like to try. While several may not be necessary, purchasing a new heat pump is one project that could be key to keeping your indoor space comfortable through the cooler months in McKinney and Frisco.

Buying a new heat pump is a great investment. You’ll absolutely realize the return on investment on your indoor comfort along with your monthly bills, but it may be a little overwhelming at first. The good news is that when you select 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 pushed through December 31, 2020. In order to get the tax credit, you must purchase a heat pump that has received the ENERGY STAR label. When browsing for heat pumps, look for types with the ENERGY STAR rating so you can be confident you’re getting a high-efficiency heat pump.

At Bell Mechanical Services, our team will help you pick a solution that fits your needs and ensures you qualify for this tax credit. While ENERGY STAR products designate high efficiency, you’ll need 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

Taking advantage of this opportunity won’t be the only savings you’ll find when you purchase a new high-efficiency heat pump. Many of the most efficient heat pumps can save you hundreds of dollars on your energy costs during the year. And the family will also have higher confidence in your HVAC system to keep your house at just the right temperature.

If you have questions concerning your eligibility for a tax credit, or if there are other local savings you may be eligible for by getting a new high-efficiency heat pump, give our pros at Bell Mechanical Services a call at 888-863-0560. You can also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.