For many homeowners, there usually seems to be a lengthy list of home improvement tasks that they want to complete or new ideas they’d like to give a shot. While some may not be required, furnace replacement is a job that might be key to keeping your home comfortable during the cooler months in Litchfield Park.
Selecting a new furnace is a great investment. You’ll absolutely realize the return-on-investment on your indoor comfort along with your energy bills, but it may be a bit daunting at first. The good news is that when you shop for a new energy-efficient furnace, you could 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 receive the tax credit, you are required to select 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 products with the ENERGY STAR rating so you can be certain you’re picking a high-efficiency furnace.
At Cooler Tymes LLC, the experts will help you select a product that matches your needs and ensures you qualify for this tax credit. While ENERGY STAR products signify high efficiency, you’ll need to confirm 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.
This tax credit will not be the only savings you’ll find when you select a new high-efficiency furnace. Some of the most efficient products can save you hundreds of dollars on your energy costs throughout the year. And you’ll also have greater confidence in your HVAC system to keep your house at just the right temp.
If you come across questions regarding your eligibility for a tax credit, or if there are additional local savings you could be eligible for by getting a new high-efficiency furnace, give our professionals at Cooler Tymes LLC a call at 623-208-6444. You may also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.