For a lot of homeowners, there usually seems to be a long list of home improvement projects that they would like to get done or new ideas they’d like to give a shot. While some may not be necessary, furnace replacement is an example of a task that may be key to keeping your home comfortable during the winter months in Pflugerville.
Buying a new furnace is a great investment. You’ll absolutely notice the return-on-investment on your indoor comfort as well as your utility costs, but it may be a bit overwhelming at first. The good news is that when you select 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 prolonged through December 31, 2020. In order to obtain the tax credit, you have to 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, watch for solutions with the ENERGY STAR rating so you can be confident you’re picking a high-efficiency furnace.
At Evenaire Heating & Air Conditioning, our team can help you select a solution that meets your needs and ensures you qualify for this tax credit. While ENERGY STAR products designate 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 represents the percent of heat produced for every dollar of fuel consumed.
This tax credit is not going to be the only savings you’ll find when you buy a new high-efficiency furnace. A lot of the most efficient products can save you hundreds of dollars on your utility costs during the year. And you’ll also have greater confidence in your HVAC system to keep your house at just the right temp.
If you come across questions concerning your eligibility for a tax credit, or if there are other local savings you might be eligible for by buying a new high-efficiency furnace, give our professionals at Evenaire Heating & Air Conditioning a call at 512-355-1482. You could also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.