For most homeowners, there typically seems to be a lengthy list of home improvement to-do’s that they would like to complete or new ideas they’d like to do. While several may not be necessary, purchasing a new heat pump is an example of a project that could be critical to keeping your home comfortable throughout the cooler months in Manassas.

Buying a new heat pump is a sizeable investment. You’ll certainly realize 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 select a new energy-efficient heat pump, you could be approved 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 buy a heat pump that has received the ENERGY STAR label. When shopping for heat pumps, watch for solutions with the ENERGY STAR rating so you can be confident you’re choosing a high-efficiency heat pump.

At Fire & Ice HVAC, our experts help you find a solution that meets your needs and helps 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

Qualifying for the tax credit won’t be the only savings you’ll receive when you get a new high-efficiency heat pump. Many of the most efficient solutions can save you hundreds of dollars on your energy costs throughout the year. And your household will also have higher confidence in your HVAC system to help your home stay at just the right temperature.

When you think of questions regarding your eligibility for a tax credit, or if there are other local savings you might be eligible for by purchasing a new high-efficiency heat pump, give our pros at Fire & Ice HVAC a call at 703-595-4157. You may also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.