For many families, there typically seems to be a long list of home improvement to-do’s that they want to get done or new ideas they’d like to attempt. While some may not be necessary, furnace replacement is a project that might be key to keeping your home comfortable throughout the colder months in Plover.
Selecting a new furnace is a great investment. You’ll certainly recognize the return-on-investment on your indoor comfort as well as your energy bills, but it could be a little daunting at first. The good news is that when you shop for 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 extended through December 31, 2020. In order to obtain the tax credit, you must select a furnace that has earned the ENERGY STAR label. Keep in mind 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 selecting a high-efficiency furnace.
At Point Heating & Cooling, we’ll help you find a solution that meets your needs and helps you qualify for this tax credit. While ENERGY STAR products designate high efficiency, you’ll need to clarify that the furnace you pick has an Annual Fuel Utilization Efficiency (AFUE) greater than 95, in order to qualify for the tax credit. AFUE indicates 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 select a new high-efficiency furnace. Many of the most efficient products can save you hundreds of dollars on your energy costs during the year. And you’ll also have greater confidence in your HVAC system to maintain your indoor space at just the right comfort level.
If you come across questions regarding your eligibility for a tax credit, or if there are further local savings you might be eligible for by installing a new high-efficiency furnace, give our professionals at Point Heating & Cooling a call at 715-504-0533. You may also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.