For many homeowners, there always seems to be a long list of home improvement projects that they want to complete or new ideas they’d like to attempt. While a handful may not be necessary, furnace replacement is an example of a task that might be critical to keeping your home comfortable during the winter months in Pflugerville.
Buying a new furnace is a large investment. You’ll definitely feel the return-on-investment on your indoor comfort as well as your energy costs, but it might be a tad intimidating at first. The good news is that when you buy a new energy-efficient furnace, you may 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 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 looking for furnace replacements, look for solutions with the ENERGY STAR rating so you can be confident you’re picking a high-efficiency furnace.
At Evenaire Heating & Air Conditioning, we’ll help you find a product that meets your needs and makes sure you qualify for this tax credit. While ENERGY STAR products designate high efficiency, it’s important to confirm 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 receive when you purchase a new high-efficiency furnace. Many of the most efficient models can save you hundreds of dollars on your utility costs during the year. And your household will also have higher confidence in your HVAC system to keep your house at just the right temperature.
If you think of questions about your eligibility for a tax credit, or if there are further local savings you could be eligible for by installing a new high-efficiency furnace, give our technicians at Evenaire Heating & Air Conditioning a call at 512-355-1482. You may also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.