Can I Earn a Tax Credit for My New Furnace?

For many families, there usually seems to be a large list of home improvement to-do’s that they need to complete or new ideas they’d like to attempt. While a handful may not be necessary, furnace replacement is a task that may be vital to keeping your home comfortable throughout the colder months in Tucker.

Selecting a new furnace is a big investment. You’ll absolutely recognize the return-on-investment on your indoor comfort as well as your energy costs, but it could be a bit overwhelming at first. The good news is that when you shop for 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 must purchase 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 looking for furnace replacements, keep an eye out for solutions with the ENERGY STAR rating so you can be confident you’re selecting a high-efficiency furnace.

At ACS Heating and Air Conditioning, the experts will help you find a solution that meets your needs and ensures you qualify for this tax credit. While ENERGY STAR products designate high efficiency, it’s important to check the furnace you choose 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 won’t be the only savings you’ll find when you purchase a new high-efficiency furnace. A lot of the most efficient furnaces can save you hundreds of dollars on your energy bills all year long. And you’ll also have greater confidence in your HVAC system to maintain your indoor space at just the right comfort level.

If you come across questions about your eligibility for a tax credit, or if there are further local savings you may be eligible for by purchasing a new high-efficiency furnace, give our professionals 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.