For many homeowners, there always seems to be a large list of home improvement tasks that they would like to get done or new ideas they’d like to give a shot. While several may not be necessary, furnace replacement is one task that might be critical to keeping your home comfortable through the cooler months in Wyandotte.
Buying a new furnace is a great investment. You’ll definitely see the return-on-investment on your indoor comfort along with your energy costs, but it may be a tad daunting at first. The good news is that when you pick 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 prolonged through December 31, 2020. In order to receive the tax credit, you must 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 researching furnace replacements, look for products with the ENERGY STAR rating so you can be confident you’re choosing a high-efficiency furnace.
At Gee & Missler Heating & Air Conditioning, our team can help you determine an option that meets your needs and ensures you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, it’s important to clarify that the furnace you select 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.
This tax credit will not be the only savings you’ll observe when you get a new high-efficiency furnace. A lot of the most efficient models can save you hundreds of dollars on your energy bills all year long. And your family 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 other local savings you could be eligible for by installing a new high-efficiency furnace, give our experts at Gee & Missler Heating & Air Conditioning a call at 734-284-1224. You can also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.