For a lot of homeowners, there always seems to be a long list of home improvement to-do’s that they need to do or new ideas they’d like to give a shot. While a handful may not be necessary, furnace replacement is a project that might be key to keeping your home comfortable during the winter months in Litchfield Park.
Getting a new furnace is a great investment. You’ll absolutely see the return-on-investment on your indoor comfort along with your energy bills, but it may be a tad overwhelming at first. The good news is that when you select a new energy-efficient furnace, you might be qualified 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 obtain the tax credit, you are required 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 heat pumps 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 choose a solution that fits your needs and makes sure you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, you’ll need to clarify that the furnace you choose 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 is not going to 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 all year long. And you’ll also have greater confidence in your HVAC system to help your home stay at just the right temp.
If you have questions about 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.