For a lot of homeowners, there usually seems to be a lengthy list of home improvement to-do’s that they want to complete or new ideas they’d like to attempt. While several may not be necessities, furnace replacement is a project that could be critical to keeping your home comfortable throughout the cooler months in Huntsville.
Getting a new furnace is a great investment. You’ll certainly realize the return-on-investment on your indoor comfort along with your utility costs, but it might be a tad overwhelming at first. The good news is that when you purchase 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 receive the tax credit, you are required to select a furnace that has earned the ENERGY STAR label. Keep in mind it can’t be a furnace that is labeled ENERGY STAR for “U.S. South Only.” When researching furnace replacements, watch for products with the ENERGY STAR rating so you can be sure you’re picking a high-efficiency furnace.
At All Weather Heating & Air Conditioning Inc, our team can help you select a solution that meets your needs and helps you qualify for this tax credit. While ENERGY STAR products signify high efficiency, you’ll need to check the furnace you pick 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.
Taking advantage of this opportunity will not be the only savings you’ll receive when you buy a new high-efficiency furnace. Many of the most efficient products can save you hundreds of dollars on your utility costs throughout the year. And your family will also have more confidence in your HVAC system to help your home stay at just the right comfort level.
If you come across questions about your eligibility for a tax credit, or if there are additional local savings you could be eligible for by installing a new high-efficiency furnace, give our professionals at All Weather Heating & Air Conditioning Inc a call at 256-801-4701. You can also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.