For a lot of homeowners, there always seems to be a lengthy list of home improvement projects that they want to do or new ideas they’d like to give a shot. While a handful may not be required, furnace replacement is an example of a task that could be vital to keeping your home comfortable through the cooler months in Auburn.
Buying a new furnace is a great investment. You’ll definitely notice the return-on-investment on your indoor comfort along with your energy bills, but it might be a tad intimidating at first. The good news is that when you select a new energy-efficient furnace, you could be eligible for a federal tax credit.
According to ENERGY STAR®, the Non-Business Energy Property Tax Credits were prolonged through December 31, 2020. In order to get the tax credit, you have to buy 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 looking for furnace replacements, keep an eye out for heat pumps with the ENERGY STAR rating so you can be sure you’re choosing a high-efficiency furnace.
At Forster Heating, the experts will help you identify a product that fits your needs and ensures you qualify for this tax credit. While ENERGY STAR products signify high efficiency, it’s important to clarify that the furnace you pick 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.
Qualifying for the tax credit won’t be the only savings you’ll observe when you purchase a new high-efficiency furnace. Many of the most efficient solutions can save you hundreds of dollars on your energy bills during the year. And you’ll also have greater confidence in your HVAC system to maintain your indoor space at just the right comfort level.
If you have questions concerning your eligibility for a tax credit, or if there are other local savings you might be eligible for by purchasing a new high-efficiency furnace, give our experts at Forster Heating a call at 530-885-8081. You could also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.