For a lot of homeowners, there typically seems to be a large list of home improvement tasks that they would like to get done or new ideas they’d like to try. While some may not be necessary, furnace replacement is one job that might be critical to keeping your home comfortable throughout the colder months in Norton.
Buying 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 might be a little intimidating at first. The good news is that when you shop for 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 extended through December 31, 2020. In order to obtain the tax credit, you must select a furnace that has earned the ENERGY STAR label. However, it can’t be a furnace that is labeled ENERGY STAR for “U.S. South Only.” When shopping for furnace replacements, keep an eye out for heat pumps with the ENERGY STAR rating so you can be confident you’re choosing a high-efficiency furnace.
At HCE Systems, we’ll help you determine a solution that fits your needs and ensures you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, it’s important to confirm the furnace you select 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 is not going to be the only savings you’ll find when you purchase a new high-efficiency furnace. A lot of the most efficient products can save you hundreds of dollars on your energy bills all year long. And your household will also have more confidence in your HVAC system to help your home stay at just the right comfort level.
If you think of questions about your eligibility for a tax credit, or if there are further local savings you might be eligible for by installing a new high-efficiency furnace, give our professionals at HCE Systems a call at 276-302-0076. You may also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.