For most households, there always seems to be a large list of home improvement to-do’s that they would like to get done or new ideas they’d like to attempt. While several may not be necessities, buying a new heat pump is one job that could be critical to keeping your indoor space comfortable throughout the chillier months in Cocoa.

Purchasing a new heat pump is a great investment. You’ll certainly realize the return on investment on your indoor comfort along with your monthly bills, but it could be a bit overwhelming at first. The good news is that when you pick 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 prolonged through December 31, 2020. In order to receive the tax credit, you must buy a heat pump that has gotten the ENERGY STAR label. When browsing for heat pumps, watch for types with the ENERGY STAR rating so you can be certain you’re selecting a high-efficiency heat pump.

At The Chilly Pig, our team will help you find 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 select 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 models can save you hundreds of dollars on your utility costs throughout the year. And your household will also have greater confidence in your HVAC system to help your home stay at just the right comfort level.

When you think of questions regarding your eligibility for a tax credit, or if there are other local savings you could be eligible for by installing a new high-efficiency heat pump, give our pros at The Chilly Pig a call at 321-205-1234. You can also visit ENERGY STAR or reach out to your local utility organization if you have questions about other eligible home products.