For most families, there usually seems to be a long list of home improvement projects that they need to do or new ideas they’d like to give a shot. While several may not be required, furnace replacement is a project that may be key to keeping your home comfortable through the cooler months in Huntsville.
Getting a new furnace is a sizeable investment. You’ll absolutely feel the return-on-investment on your indoor comfort in addition to your utility costs, but it might be a bit daunting at first. The good news is that when you purchase a new energy-efficient furnace, you could 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 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 looking for furnace replacements, look for solutions with the ENERGY STAR rating so you can be sure you’re selecting a high-efficiency furnace.
At All Weather Heating & Air Conditioning Inc, the experts will help you determine a product that matches your needs and ensures you qualify for this tax credit. While ENERGY STAR products signify high efficiency, you will want to check 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 won’t be the only savings you’ll receive when you get a new high-efficiency furnace. Many of the most efficient solutions can save you hundreds of dollars on your utility costs all year long. And your household will also have more confidence in your HVAC system to maintain your indoor space at just the right comfort level.
If you have questions about your eligibility for a tax credit, or if there are further local savings you could be eligible for by buying a new high-efficiency furnace, give our experts at All Weather Heating & Air Conditioning Inc a call at 256-801-4701. You may also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.