For many households, there always seems to be a long list of home tasks that they would like to complete or new ideas they’d like to try. While several may not be necessities, getting a new heat pump is a task that could be vital to keeping your indoor space comfortable through the cooler months in Chadron.

Selecting a new heat pump is a great investment. You’ll definitely notice 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 could 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 purchase a heat pump that has gotten the ENERGY STAR label. When shopping for heat pumps, watch for solutions with the ENERGY STAR rating so you can be sure you’re selecting a high-efficiency heat pump.

At MPC Heating & Cooling, our team will help you pick a solution that fits your needs and makes sure you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, you should 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 observe when you select a new high-efficiency heat pump. Several of the most efficient solutions can save you hundreds of dollars on your energy bills all year long. And your household will also have higher confidence in your HVAC system to keep your house at just the right temp.

Whether you have questions about your eligibility for a tax credit, or if there are additional local savings you could be eligible for by getting a new high-efficiency heat pump, give our experts at MPC Heating & Cooling a call at 308-832-4321. You could also visit ENERGY STAR or call your local utility organization if you have questions about other eligible home products.