For many homeowners, there always seems to be a long list of house projects that they need to get done or new ideas they’d like to do. While some may not be necessities, getting a new heat pump is an example of a project that could be vital to keeping your house comfortable throughout the chillier months in Cedar Rapids.

Selecting a new heat pump is a big investment. You’ll absolutely notice the return on investment on your indoor comfort as well as your energy bills, but it might be a bit overwhelming at first. The good news is that when you pick 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 pushed through December 31, 2020. In order to obtain the tax credit, you must buy a heat pump that has gotten the ENERGY STAR label. When shopping for heat pumps, look for solutions with the ENERGY STAR rating so you can be certain you’re selecting a high-efficiency heat pump.

At Ilten's, we’ll help you find a solution that meets your needs and ensures you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, you’ll need to confirm the heat pump you purchase 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 observe when you buy a new high-efficiency heat pump. Some of the most efficient models can save you hundreds of dollars on your energy costs during the year. And the family will also have higher confidence in your HVAC system to keep your house at just the right temperature.

Whether you have questions about your eligibility for a tax credit, or if there are other local savings you might be eligible for by purchasing a new high-efficiency heat pump, give our experts at Ilten's a call at 319-208-2351. You may also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.