For many households, there usually seems to be a lengthy list of home improvement tasks that they want to complete or new ideas they’d like to give a shot. While some may not be necessities, furnace replacement is one task that could be key to keeping your home comfortable through the cooler months in Warrenton.
Getting a new furnace is a sizeable investment. You’ll absolutely feel the return-on-investment on your indoor comfort along with your utility costs, but it might be a little daunting at first. The good news is that when you purchase 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 pushed through December 31, 2020. In order to obtain the tax credit, you are required 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 products with the ENERGY STAR rating so you can be confident you’re selecting a high-efficiency furnace.
At Schraer Heating & Air Conditioning, our team can help you find a product that matches your needs and helps you qualify for this tax credit. While ENERGY STAR products signify high efficiency, you will want to clarify that 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.
Qualifying for the tax credit is not going to be the only savings you’ll find when you select a new high-efficiency furnace. Many of the most efficient products can save you hundreds of dollars on your energy bills during the year. And you’ll also have more confidence in your HVAC system to help your home stay at just the right temperature.
If you have questions regarding your eligibility for a tax credit, or if there are further local savings you might be eligible for by purchasing a new high-efficiency furnace, give our teams at Schraer Heating & Air Conditioning a call at 636-456-5041. You may also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.