For a lot of homeowners, there typically seems to be a lengthy list of house tasks that they would like to achieve or new ideas they’d like to do. While a few may not be necessary, purchasing a new heat pump is one project that could be critical to keeping your indoor space comfortable throughout the colder months in Odessa.

Getting a new heat pump is a sizeable investment. You’ll absolutely notice the return on investment on your indoor comfort along with your monthly bills, but it could be a bit daunting at first. The good news is that when you pick 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 extended 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 researching heat pumps, keep an eye out for types with the ENERGY STAR rating so you can be certain you’re getting a high-efficiency heat pump.

At Redhawk Heating & Air Conditioning, our experts help you pick a solution that fits your needs and helps you qualify for this tax credit. While ENERGY STAR products designate high efficiency, you’ll need 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 won’t be the only savings you’ll receive when you get a new high-efficiency heat pump. Some of the most efficient models can save you hundreds of dollars on your energy bills all year long. And the family will also have greater confidence in your HVAC system to maintain your indoor space at just the right temp.

If you have questions regarding your eligibility for a tax credit, or if there are other local savings you could be eligible for by installing a new high-efficiency heat pump, give our team at Redhawk Heating & Air Conditioning a call at 432-237-0168. You could also visit ENERGY STAR or reach out to your local utility organization if you have questions about other eligible home products.