Family enjoying the comfort of home

Can I get a tax credit for my new furnace?

For most households, there usually seems to be a large list of home improvement projects that they would like to do or new ideas they’d like to try. While several may not be necessities, furnace replacement is a job that could be vital to keeping your home comfortable during the cooler months in Macon.

Purchasing a new furnace is a large investment. You’ll definitely see the return-on-investment on your indoor comfort along with your energy costs, but it could be a little overwhelming at first. The good news is that when you purchase a new energy-efficient furnace, you could be eligible 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 obtain the tax credit, you have to purchase a furnace that has earned the ENERGY STAR label. It cannot be a furnace that is labeled ENERGY STAR for “U.S. South Only.” When browsing for furnace replacements, look for products with the ENERGY STAR rating so you can be certain you’re selecting a high-efficiency furnace.

At Air Temperature Control, our team can help you select 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 pick 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.

This tax credit won’t be the only savings you’ll find when you purchase a new high-efficiency furnace. Many of the most efficient products can save you hundreds of dollars on your energy costs throughout the year. And you’ll also have greater confidence in your HVAC system to maintain your indoor space at just the right temp.

If you come across questions about your eligibility for a tax credit, or if there are other local savings you could be eligible for by getting a new high-efficiency furnace, give our experts at Air Temperature Control a call at 478-202-3170. You can also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.

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