For most families, there always seems to be a lengthy list of house to-do’s that they need to get done or new ideas they’d like to attempt. While a few may not be necessary, purchasing a new heat pump is a project that could be key to keeping your home comfortable throughout the cooler months in Myrtle Beach.

Selecting a new heat pump is a big investment. You’ll certainly recognize the return on investment on your indoor comfort along with your utility costs, but it might be a tad overwhelming at first. The good news is that when you buy 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 pushed 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 researching heat pumps, keep an eye out for types with the ENERGY STAR rating so you can be sure you’re getting a high-efficiency heat pump.

At Polar Air & Mechanical, we’ll help you identify a solution that fits your needs and helps 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

Taking advantage of this opportunity won’t be the only savings you’ll observe when you buy a new high-efficiency heat pump. Many of the most efficient models can save you hundreds of dollars on your utility costs all year long. And the family will also have more confidence in your HVAC system to maintain your indoor space at just the right comfort level.

When you have questions about your eligibility for a tax credit, or if there are additional local savings you might be eligible for by getting a new high-efficiency heat pump, give our team at Polar Air & Mechanical a call at 843-253-4874. You could also visit ENERGY STAR or reach out to your local utility establishment if you have questions about other eligible home products.