For most homeowners, there usually seems to be a large list of home tasks that they want to achieve or new ideas they’d like to try. While several may not be necessary, buying a new heat pump is an example of a project that could be vital to keeping your house comfortable during the chillier months in Lodi.

Buying a new heat pump is a great investment. You’ll definitely recognize the return on investment on your indoor comfort along with your monthly bills, but it might be a tad intimidating at first. The good news is that when you purchase a new energy-efficient heat pump, you may be approved 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 get the tax credit, you must select a heat pump that has earned the ENERGY STAR label. When browsing for heat pumps, watch for types with the ENERGY STAR rating so you can be certain you’re choosing a high-efficiency heat pump.

At Tokay, our team will help you identify a solution that meets 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 buy 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 buy a new high-efficiency heat pump. Many of the most efficient solutions can save you hundreds of dollars on your energy costs throughout the year. And your household will also have more confidence in your HVAC system to maintain your indoor space at just the right temp.

Whether you think of questions regarding your eligibility for a tax credit, or if there are further local savings you may be eligible for by purchasing a new high-efficiency heat pump, give our experts at Tokay a call at (209) 257-3156. You can also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.