For many homeowners, there typically seems to be a lengthy list of home tasks that they need to achieve or new ideas they’d like to attempt. While some may not be necessities, buying a new heat pump is one project that could be key to keeping your home comfortable throughout the colder months in Beaverton.

Selecting a new heat pump is a sizeable investment. You’ll certainly see the return on investment on your indoor comfort as well as your energy bills, but it could be a little daunting at first. The good news is that when you select a new energy-efficient heat pump, you might be qualified 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 get the tax credit, you must select 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 All Solutions Heating & Cooling, our team will help you identify a solution that fits your needs and ensures you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, it’s important 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

This tax credit won’t be the only savings you’ll observe when you select a new high-efficiency heat pump. Many 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 higher confidence in your HVAC system to keep your house at just the right temperature.

When you have questions about your eligibility for a tax credit, or if there are further local savings you might be eligible for by purchasing a new high-efficiency heat pump, give our experts at All Solutions Heating & Cooling a call at 971-245-2459. You can also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.