For many families, there typically seems to be a lengthy list of home improvement tasks that they need to do or new ideas they’d like to give a shot. While several may not be necessities, furnace replacement is one job that may be key to keeping your home comfortable throughout the colder months in Branchville.
Getting a new furnace is a big investment. You’ll certainly recognize the return-on-investment on your indoor comfort in addition to your energy costs, but it may be a bit intimidating at first. The good news is that when you shop for a new energy-efficient furnace, you may be approved 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 receive the tax credit, you have to select 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 researching furnace replacements, watch for products with the ENERGY STAR rating so you can be sure you’re picking a high-efficiency furnace.
At Willco Air Conditioning, Refrigeration & Heating Inc., the experts will help you select an option that matches your needs and makes sure you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, you will want 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 represents the percent of heat produced for every dollar of fuel consumed.
This tax credit will not 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 utility costs all year long. And your family will also have greater confidence in your HVAC system to keep your house at just the right temperature.
If you come across questions concerning your eligibility for a tax credit, or if there are further local savings you might be eligible for by purchasing a new high-efficiency furnace, give our experts at Willco Air Conditioning, Refrigeration & Heating Inc. a call at 862-345-6896. You may also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.