For most households, there typically seems to be a lengthy list of house tasks that they want to achieve or new ideas they’d like to do. While a few may not be necessities, getting a new heat pump is a job that could be critical to keeping your home comfortable during the chillier months in Mission Viejo.

Buying a new heat pump is a large investment. You’ll absolutely recognize the return on investment on your indoor comfort in addition to your utility costs, but it might be a tad intimidating at first. The good news is that when you pick a new energy-efficient heat pump, you might be eligible 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 select a heat pump that has earned the ENERGY STAR label. When browsing for heat pumps, keep an eye out for solutions with the ENERGY STAR rating so you can be confident you’re getting a high-efficiency heat pump.

At 1st Choice Heating & Air Conditioning, our team will help you select a solution that fits your needs and ensures you qualify for this tax credit. While ENERGY STAR products signify high efficiency, it’s important to confirm the heat pump you purchase 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 will not be the only savings you’ll receive when you select a new high-efficiency heat pump. Several of the most efficient models can save you hundreds of dollars on your utility costs all year long. And you’ll also have greater confidence in your HVAC system to help your home stay at just the right temp.

If you have questions regarding 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 experts at 1st Choice Heating & Air Conditioning a call at 949-762-8644. You can also visit ENERGY STAR or call your local utility company if you have questions about other eligible home products.