For a lot of families, there typically seems to be a long list of home improvement projects that they need to complete or new ideas they’d like to give a shot. While a handful may not be necessary, furnace replacement is one task that may be critical to keeping your home comfortable throughout the winter months in Huntsville.
Purchasing a new furnace is a sizeable investment. You’ll definitely recognize the return-on-investment on your indoor comfort in addition to your utility costs, but it may be a tad intimidating at first. The good news is that when you select a new energy-efficient furnace, you might be eligible 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 must purchase 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 shopping for furnace replacements, watch for heat pumps with the ENERGY STAR rating so you can be sure you’re choosing a high-efficiency furnace.
At All Weather Heating & Air Conditioning Inc, the experts will help you select an option that meets your needs and helps you qualify for this tax credit. While ENERGY STAR products signify high efficiency, you will want to confirm the furnace you choose 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.
Taking advantage of this opportunity won’t be the only savings you’ll find when you purchase a new high-efficiency furnace. Many of the most efficient solutions can save you hundreds of dollars on your energy costs during the year. And your family will also have higher confidence in your HVAC system to help your home stay at just the right temp.
If you have questions about your eligibility for a tax credit, or if there are additional local savings you could be eligible for by purchasing a new high-efficiency furnace, give our technicians at All Weather Heating & Air Conditioning Inc a call at 256-801-4701. You may also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.