For many families, there always seems to be a large list of home improvement tasks that they need to get done or new ideas they’d like to try. While a handful may not be necessary, furnace replacement is a project that may be vital to keeping your home comfortable throughout the cooler months in Justin.
Buying a new furnace is a big investment. You’ll absolutely notice the return-on-investment on your indoor comfort as well as your utility costs, but it could be a bit intimidating at first. The good news is that when you shop for 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 extended through December 31, 2020. In order to get the tax credit, you must select 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, keep an eye out for products with the ENERGY STAR rating so you can be confident you’re picking a high-efficiency furnace.
At Pepper AC & Heat, the experts will help you choose a product that meets your needs and helps you qualify for this tax credit. While ENERGY STAR products designate high efficiency, you will want 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 represents the percent of heat produced for every dollar of fuel consumed.
This tax credit is not going to be the only savings you’ll receive when you get a new high-efficiency furnace. Some of the most efficient furnaces can save you hundreds of dollars on your energy bills all year long. And you’ll also have higher confidence in your HVAC system to keep your house at just the right temp.
If you come across questions regarding your eligibility for a tax credit, or if there are other local savings you could be eligible for by purchasing a new high-efficiency furnace, give our professionals at Pepper AC & Heat 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.