For most homeowners, there usually seems to be a lengthy list of home improvement tasks that they would like to achieve or new ideas they’d like to attempt. While some may not be necessities, getting a new heat pump is a job that could be vital to keeping your home comfortable during the colder months in Cocoa.

Buying a new heat pump is a great investment. You’ll absolutely notice the return on investment on your indoor comfort in addition to your utility costs, but it could be a tad intimidating at first. The good news is that when you buy a new energy-efficient heat pump, you could 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 obtain the tax credit, you must select a heat pump that has received the ENERGY STAR label. When browsing for heat pumps, look for products 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 select a solution that matches your needs and helps you qualify for this tax credit. While ENERGY STAR products designate high efficiency, you should confirm the heat pump you choose 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 observe when you get a new high-efficiency heat pump. Many of the most efficient heat pumps can save you hundreds of dollars on your energy costs throughout the year. And you’ll also have greater confidence in your HVAC system to help your home stay at just the right comfort level.

If you think of questions about your eligibility for a tax credit, or if there are further local savings you might be eligible for by installing a new high-efficiency heat pump, give our experts at The Chilly Pig a call at 321-205-1234. You may also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.