For many households, there always seems to be a lengthy list of home improvement tasks that they would like to get done or new ideas they’d like to give a shot. While several may not be necessities, furnace replacement is one project that may be vital to keeping your home comfortable through the colder months in Norton.
Selecting a new furnace is a great investment. You’ll absolutely feel the return-on-investment on your indoor comfort in addition to your energy costs, but it may be a tad intimidating at first. The good news is that when you pick a new energy-efficient furnace, you could be approved 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 are required 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 shopping for furnace replacements, keep an eye out for solutions with the ENERGY STAR rating so you can be confident you’re picking a high-efficiency furnace.
At HCE Systems, we’ll help you identify a solution that meets your needs and ensures you qualify for this tax credit. While ENERGY STAR products signify high efficiency, you will want to confirm the furnace you choose has an Annual Fuel Utilization Efficiency (AFUE) greater than 95, in order to qualify for the tax credit. AFUE means the percent of heat produced for every dollar of fuel consumed.
Taking advantage of this opportunity will not be the only savings you’ll receive when you purchase a new high-efficiency furnace. Many of the most efficient products can save you hundreds of dollars on your utility costs throughout the year. And you’ll also have greater confidence in your HVAC system to keep your house at just the right comfort level.
If you have questions about your eligibility for a tax credit, or if there are other local savings you may be eligible for by getting a new high-efficiency furnace, give our technicians at HCE Systems a call at 276-302-0076. You could also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.