For most families, there usually seems to be a long list of house tasks that they would like to complete or new ideas they’d like to try. While some may not be required, buying a new heat pump is a project that could be key to keeping your house comfortable throughout the colder months in Myrtle Beach.

Getting a new heat pump is a great investment. You’ll absolutely feel the return on investment on your indoor comfort in addition to your utility costs, but it may be a little intimidating at first. The good news is that when you select 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 received the ENERGY STAR label. When browsing for heat pumps, keep an eye out for types with the ENERGY STAR rating so you can be certain you’re choosing a high-efficiency heat pump.

At Polar Air & Mechanical, our experts help you identify a solution that fits your needs and helps you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, you should 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

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 during the year. And the family will also have greater confidence in your HVAC system to keep your house at just the right temp.

When you have questions regarding your eligibility for a tax credit, or if there are further local savings you might be eligible for by purchasing a new high-efficiency heat pump, give our experts at Polar Air & Mechanical a call at 843-253-4874. You may also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.