For a lot of homeowners, there typically seems to be a lengthy list of home improvement tasks that they need to complete or new ideas they’d like to attempt. While several may not be necessary, furnace replacement is one project that could be key to keeping your home comfortable throughout the colder months in Tucker.
Getting a new furnace is a big investment. You’ll definitely realize the return-on-investment on your indoor comfort along with your utility costs, but it might be a bit daunting at first. The good news is that when you buy a new energy-efficient furnace, you may be eligible 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 get the tax credit, you are required to purchase a furnace that has earned the ENERGY STAR label. Keep in mind it can’t be a furnace that is labeled ENERGY STAR for “U.S. South Only.” When browsing for furnace replacements, look for heat pumps with the ENERGY STAR rating so you can be confident you’re picking a high-efficiency furnace.
At ACS Heating and Air Conditioning, we’ll help you choose a product that meets your needs and ensures you qualify for this tax credit. While ENERGY STAR products signify high efficiency, you’ll need to clarify that 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 receive when you purchase a new high-efficiency furnace. Some of the most efficient models can save you hundreds of dollars on your energy costs all year long. And you’ll also have higher confidence in your HVAC system to keep your house at just the right temperature.
If you have questions about your eligibility for a tax credit, or if there are further local savings you could be eligible for by installing a new high-efficiency furnace, give our teams at ACS Heating and Air Conditioning a call at 770-450-1539. You could also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.