For many homeowners, there typically seems to be a large list of home improvement projects that they need to complete or new ideas they’d like to give a shot. While a handful may not be necessary, furnace replacement is one task that may be key to keeping your home comfortable throughout the cooler months in Tucker.
Selecting a new furnace is a great investment. You’ll certainly notice the return-on-investment on your indoor comfort in addition to your energy costs, but it might be a little daunting at first. The good news is that when you purchase 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 prolonged through December 31, 2020. In order to obtain the tax credit, you have to purchase 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 browsing for furnace replacements, look for solutions with the ENERGY STAR rating so you can be confident you’re choosing a high-efficiency furnace.
At ACS Heating and Air Conditioning, we’ll help you identify a solution that matches your needs and ensures you qualify for this tax credit. While ENERGY STAR products designate 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.
Qualifying for the tax credit is not going to be the only savings you’ll observe 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 family will also have higher confidence in your HVAC system to maintain your indoor space at just the right temp.
If you come across questions about your eligibility for a tax credit, or if there are other local savings you could be eligible for by getting a new high-efficiency furnace, give our teams at ACS Heating and Air Conditioning a call at 770-450-1539. You may also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.