For a lot of households, there typically seems to be a large list of home improvement to-do’s that they want to complete or new ideas they’d like to attempt. While several may not be required, furnace replacement is a task that could be vital to keeping your home comfortable during the winter months in Justin.
Selecting a new furnace is a great investment. You’ll certainly recognize the return-on-investment on your indoor comfort along with your utility costs, but it might be a little daunting at first. The good news is that when you pick a new energy-efficient furnace, you might 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 obtain the tax credit, you have to 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 looking for furnace replacements, watch for solutions with the ENERGY STAR rating so you can be certain you’re selecting a high-efficiency furnace.
At Pepper AC & Htg Inc, we’ll help you identify a solution that meets your needs and ensures you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, you’ll need to check the furnace you select has an Annual Fuel Utilization Efficiency (AFUE) greater than 95, in order to qualify for the tax credit. AFUE indicates the percent of heat produced for every dollar of fuel consumed.
This tax credit is not going to be the only savings you’ll observe when you select a new high-efficiency furnace. Some of the most efficient furnaces can save you hundreds of dollars on your energy costs throughout the year. And you’ll also have higher confidence in your HVAC system to keep your house at just the right temperature.
If you come across questions concerning your eligibility for a tax credit, or if there are additional local savings you may be eligible for by getting a new high-efficiency furnace, give our technicians at Pepper AC & Htg Inc a call at 940-202-1184. You can also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.