For most homeowners, there usually seems to be a large list of house projects that they want to achieve or new ideas they’d like to try. While a few may not be necessities, getting a new heat pump is a job that could be key to keeping your home comfortable throughout the colder months in Menomonie and western Wisconsin.

Purchasing a new heat pump is a great investment. You’ll absolutely see the return on investment on your indoor comfort as well as your monthly bills, but it might be a bit intimidating at first. The good news is that when you select 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 get the tax credit, you must purchase a heat pump that has earned the ENERGY STAR label. When shopping for heat pumps, look for types with the ENERGY STAR rating so you can be sure you’re selecting a high-efficiency heat pump.

At Halverson Brothers Inc, we’ll help you identify a solution that matches 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 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

Taking advantage of this opportunity will not be the only savings you’ll find when you get a new high-efficiency heat pump. Several of the most efficient heat pumps can save you hundreds of dollars on your utility costs throughout the year. And your household will also have higher confidence in your HVAC system to keep your house at just the right temp.

If you think of questions about your eligibility for a tax credit, or if there are further local savings you could be eligible for by getting a new high-efficiency heat pump, give our team at Halverson Brothers Inc a call at 715-578-8046. You may also visit ENERGY STAR or call your local utility establishment if you have questions about other eligible home products.