For a lot of homeowners, there always seems to be a lengthy list of home projects that they would like to complete or new ideas they’d like to attempt. While some may not be necessities, purchasing a new heat pump is one job that could be vital to keeping your indoor space comfortable during the colder months in Portland.

Buying a new heat pump is a big investment. You’ll absolutely realize the return on investment on your indoor comfort in addition to your energy bills, but it may be a tad overwhelming at first. The good news is that when you purchase a new energy-efficient heat pump, you could 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 receive the tax credit, you must buy a heat pump that has earned the ENERGY STAR label. When researching heat pumps, look for types with the ENERGY STAR rating so you can be certain you’re choosing a high-efficiency heat pump.

At D & R Heating & Air, we’ll help you pick a solution that fits your needs and ensures you qualify for this tax credit. While ENERGY STAR products designate high efficiency, you’ll need to confirm the heat pump you pick 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 find when you purchase a new high-efficiency heat pump. Many 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 help your home stay at just the right comfort level.

If you think of questions concerning 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 pros at D & R Heating & Air a call at 503-678-2517. You can also visit ENERGY STAR or call your local utility company if you have questions about other eligible home products.