For most households, there always seems to be a large list of home improvement tasks that they want to complete or new ideas they’d like to try. While several may not be necessities, furnace replacement is one job that could be key to keeping your home comfortable throughout the winter months in Wyandotte.

Buying a new furnace is a big investment. You’ll definitely recognize the return-on-investment on your indoor comfort along with your utility costs, but it could be a tad intimidating at first. The good news is that when you buy 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 must purchase 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 researching furnace replacements, keep an eye out for solutions with the ENERGY STAR rating so you can be certain you’re choosing a high-efficiency furnace.

At Gee & Missler Heating & Air Conditioning, our team can help you select an option that fits your needs and ensures you qualify for this tax credit. While ENERGY STAR products signify high efficiency, it’s important 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 means 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 purchase a new high-efficiency furnace. Some of the most efficient furnaces can save you hundreds of dollars on your utility costs all year long. And your household will also have greater confidence in your HVAC system to keep your house at just the right temperature.

If you think of questions concerning 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 Gee & Missler Heating & Air Conditioning a call at 734-284-1224. You may also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.