For many homeowners, there always seems to be a long list of home improvement to-do’s that they would like to complete or new ideas they’d like to give a shot. While some may not be necessities, furnace replacement is an example of a task that may be vital to keeping your home comfortable through the colder months in Macon.
Buying a new furnace is a large investment. You’ll certainly recognize the return-on-investment on your indoor comfort along with your utility costs, but it may be a little intimidating at first. The good news is that when you pick a new energy-efficient furnace, you could be qualified for a federal tax credit.
According to ENERGY STAR®, the Non-Business Energy Property Tax Credits were prolonged through December 31, 2020. In order to receive the tax credit, you have to purchase a furnace that has earned the ENERGY STAR label. Keep in mind it can’t be a furnace that is labeled ENERGY STAR for “U.S. South Only.” When looking for furnace replacements, watch for heat pumps with the ENERGY STAR rating so you can be sure you’re picking a high-efficiency furnace.
At Air Temperature Control, the experts will help you determine a solution that fits your needs and ensures you qualify for this tax credit. While ENERGY STAR products designate high efficiency, it’s important to clarify that the furnace you select has an Annual Fuel Utilization Efficiency (AFUE) greater than 95, in order to qualify for the tax credit. AFUE represents the percent of heat produced for every dollar of fuel consumed.
Qualifying for the tax credit won’t be the only savings you’ll receive when you purchase a new high-efficiency furnace. Many of the most efficient models can save you hundreds of dollars on your energy bills all year long. And your family will also have greater confidence in your HVAC system to maintain your indoor space at just the right comfort level.
If you think of questions concerning your eligibility for a tax credit, or if there are further local savings you may be eligible for by purchasing a new high-efficiency furnace, give our technicians at Air Temperature Control a call at 478-202-3170. You could also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.