For many households, there always seems to be a lengthy list of home tasks that they need to complete or new ideas they’d like to try. While some may not be necessities, buying a new heat pump is one task that could be critical to keeping your house comfortable through the cooler months in Rapid City.

Purchasing a new heat pump is a large investment. You’ll definitely realize the return on investment on your indoor comfort as well as your energy bills, but it could be a tad daunting at first. The good news is that when you buy a new energy-efficient heat pump, you could be qualified 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 get the tax credit, you must buy a heat pump that has received the ENERGY STAR label. When researching heat pumps, watch for solutions with the ENERGY STAR rating so you can be confident you’re choosing a high-efficiency heat pump.

At Street Heating and Cooling, our experts help you identify a solution that matches your needs and helps you qualify for this tax credit. While ENERGY STAR products signify 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 observe when you buy a new high-efficiency heat pump. Several of the most efficient models can save you hundreds of dollars on your energy costs during the year. And your household will also have greater confidence in your HVAC system to keep your house at just the right comfort level.

Whether you come across questions regarding 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 pros at Street Heating and Cooling a call at 605-206-3915. You could also visit ENERGY STAR or reach out to your local utility establishment if you have questions about other eligible home products.