For most homeowners, there typically seems to be a large list of home improvement projects that they would like to get done or new ideas they’d like to attempt. While a handful may not be necessities, furnace replacement is one job that may be vital to keeping your home comfortable during the cooler months in Arlington.
Buying a new furnace is a large investment. You’ll absolutely see the return-on-investment on your indoor comfort as well as your utility costs, but it could be a tad intimidating at first. The good news is that when you select 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 obtain the tax credit, you have 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 browsing for furnace replacements, keep an eye out for heat pumps with the ENERGY STAR rating so you can be sure you’re selecting a high-efficiency furnace.
At Service Max Heating & Air Conditioning, our team can help you identify a solution that matches your needs and makes sure you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, you’ll need to check the furnace you select has an Annual Fuel Utilization Efficiency (AFUE) greater than 95, in order to qualify for the tax credit. AFUE means the percent of heat produced for every dollar of fuel consumed.
Qualifying for the tax credit is not going to be the only savings you’ll receive 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 during the year. And your family will also have higher confidence in your HVAC system to keep your house at just the right comfort level.
If you think of questions about your eligibility for a tax credit, or if there are additional local savings you might be eligible for by purchasing a new high-efficiency furnace, give our professionals at Service Max Heating & Air Conditioning a call at 360-255-5857. You can also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.