For most households, there always seems to be a long list of home tasks that they need to achieve or new ideas they’d like to do. While a few may not be required, getting a new heat pump is an example of a project that could be critical to keeping your house comfortable during the cooler months in Florissant and St. Charles.

Selecting a new heat pump is a big investment. You’ll definitely realize the return on investment on your indoor comfort as well as your utility costs, 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 extended through December 31, 2020. In order to receive the tax credit, you must select a heat pump that has gotten the ENERGY STAR label. When browsing 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 B&B Heating, Cooling, Plumbing & Electrical, our team will help you choose a solution that fits your needs and makes sure you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, you’ll need to 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

Taking advantage of this opportunity will not be the only savings you’ll receive when you get a new high-efficiency heat pump. Some of the most efficient heat pumps can save you hundreds of dollars on your energy costs all year long. And you’ll also have higher confidence in your HVAC system to maintain your indoor space at just the right comfort level.

Whether you come across questions concerning your eligibility for a tax credit, or if there are further local savings you may be eligible for by installing a new high-efficiency heat pump, give our pros at B&B Heating, Cooling, Plumbing & Electrical a call at 314-668-8530. You can also visit ENERGY STAR or reach out to your local utility company if you have questions about other eligible home products.