For most households, there usually seems to be a large list of home improvement projects that they need to do or new ideas they’d like to attempt. While a handful may not be necessities, furnace replacement is one task that may be key to keeping your home comfortable through the cooler months in Troy.
Selecting a new furnace is a great investment. You’ll certainly realize the return-on-investment on your indoor comfort as well as your energy costs, but it may be a tad overwhelming at first. The good news is that when you select 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 extended through December 31, 2020. In order to receive the tax credit, you are required to buy 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 looking for furnace replacements, keep an eye out for heat pumps with the ENERGY STAR rating so you can be certain you’re selecting a high-efficiency furnace.
At Edington Heating & Cooling Inc, we’ll help you find a solution that meets your needs and helps you qualify for this tax credit. While ENERGY STAR products designate high efficiency, you’ll need to check the furnace you pick 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.
Taking advantage of this opportunity won’t be the only savings you’ll find when you get a new high-efficiency furnace. A lot of the most efficient products can save you hundreds of dollars on your utility costs during the year. And you’ll also have higher confidence in your HVAC system to keep your house at just the right comfort level.
If you think of questions concerning your eligibility for a tax credit, or if there are additional local savings you might be eligible for by purchasing a new high-efficiency furnace, give our technicians at Edington Heating & Cooling Inc a call at 937-558-9478. You could also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.