For many homeowners, there usually seems to be a lengthy list of home improvement to-do’s that they need to complete or new ideas they’d like to try. While a handful may not be required, furnace replacement is an example of a job that might be vital to keeping your home comfortable throughout the colder months in McMurray.
Buying a new furnace is a great investment. You’ll definitely recognize the return-on-investment on your indoor comfort along with your energy bills, but it might be a little daunting at first. The good news is that when you pick a new energy-efficient furnace, you could 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 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 browsing for furnace replacements, keep an eye out for heat pumps with the ENERGY STAR rating so you can be confident you’re selecting a high-efficiency furnace.
At Kowalski Heating, Cooling & Plumbing, our team can help you determine a solution that meets your needs and ensures you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, it’s important 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 find when you buy a new high-efficiency furnace. Some of the most efficient solutions can save you hundreds of dollars on your utility costs throughout the year. And your family will also have higher confidence in your HVAC system to keep your house at just the right temperature.
If you have questions concerning your eligibility for a tax credit, or if there are additional local savings you might be eligible for by installing a new high-efficiency furnace, give our professionals at Kowalski Heating, Cooling & Plumbing a call at 724-370-0141. You can also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.