For many households, there typically seems to be a lengthy list of home improvement projects that they would like to do or new ideas they’d like to give a shot. While a handful may not be necessities, furnace replacement is a project that might be critical to keeping your home comfortable during the cooler months in Mechanicsburg.
Selecting a new furnace is a large investment. You’ll certainly feel the return-on-investment on your indoor comfort as well as your energy costs, but it could be a tad daunting at first. The good news is that when you shop for a new energy-efficient furnace, you might 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 get 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 looking for furnace replacements, watch for heat pumps with the ENERGY STAR rating so you can be sure you’re choosing a high-efficiency furnace.
At H & H Service Company, the experts will help you select 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 check the furnace you choose 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.
Qualifying for the tax credit won’t be the only savings you’ll observe when you purchase a new high-efficiency furnace. Many of the most efficient models can save you hundreds of dollars on your energy bills all year long. And you’ll also have more confidence in your HVAC system to keep your house at just the right comfort level.
If you think of questions about your eligibility for a tax credit, or if there are other local savings you may be eligible for by purchasing a new high-efficiency furnace, give our technicians at H & H Service Company a call at 717-220-4502. You may also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.