For a lot of families, there typically seems to be a lengthy list of home improvement to-do’s that they want to do or new ideas they’d like to give a shot. While several may not be necessities, furnace replacement is a task that could be key to keeping your home comfortable throughout the colder months in Sandpoint.
Purchasing a new furnace is a large investment. You’ll certainly feel the return-on-investment on your indoor comfort in addition to your energy bills, but it could be a bit overwhelming at first. The good news is that when you buy a new energy-efficient furnace, you could be qualified 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 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 browsing for furnace replacements, watch for solutions with the ENERGY STAR rating so you can be sure you’re selecting a high-efficiency furnace.
At Age Heating & Cooling, we’ll help you find an option that fits your needs and makes sure you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, you’ll need 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.
This tax credit won’t be the only savings you’ll receive when you purchase a new high-efficiency furnace. Many of the most efficient furnaces can save you hundreds of dollars on your energy costs throughout the year. And your family will also have more confidence in your HVAC system to keep your house at just the right comfort level.
If you come across questions concerning your eligibility for a tax credit, or if there are other local savings you may be eligible for by getting a new high-efficiency furnace, give our experts at Age Heating & Cooling a call at 208-578-4258. You could also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.