For most homeowners, there usually seems to be a large list of home improvement projects that they need to get done or new ideas they’d like to try. While several may not be required, furnace replacement is one project that could be vital to keeping your home comfortable through the winter months in Circleville.
Selecting a new furnace is a large investment. You’ll absolutely feel the return-on-investment on your indoor comfort as well as your utility costs, but it may be a tad daunting at first. The good news is that when you buy a new energy-efficient furnace, you may be qualified for a federal tax credit.
According to ENERGY STAR®, the Non-Business Energy Property Tax Credits were extended through December 31, 2020. In order to get the tax credit, you are required to buy 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 shopping for furnace replacements, look for solutions with the ENERGY STAR rating so you can be certain you’re picking a high-efficiency furnace.
At Stephen Hurst Pack Heating and Cooling, we’ll help you select a solution that fits your needs and ensures you qualify for this tax credit. While ENERGY STAR products signify high efficiency, it’s important 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.
Taking advantage of this opportunity won’t be the only savings you’ll receive when you buy a new high-efficiency furnace. A lot of the most efficient solutions can save you hundreds of dollars on your energy bills all year long. And you’ll also have higher confidence in your HVAC system to maintain your indoor space at just the right temperature.
If you come across questions regarding your eligibility for a tax credit, or if there are other local savings you might be eligible for by purchasing a new high-efficiency furnace, give our professionals at Stephen Hurst Pack Heating and Cooling a call at 740-474-5940. You may also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.