For many families, there always seems to be a lengthy list of home improvement to-do’s that they need to complete or new ideas they’d like to give a shot. While several may not be necessities, furnace replacement is one task that may be key to keeping your home comfortable through the winter months in Georgetown.
Getting a new furnace is a sizeable investment. You’ll absolutely recognize the return-on-investment on your indoor comfort in addition to your energy bills, but it might be a little intimidating at first. The good news is that when you pick a new energy-efficient furnace, you might be approved 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 purchase 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 looking for furnace replacements, watch for solutions with the ENERGY STAR rating so you can be certain you’re picking a high-efficiency furnace.
At Miller Climate Control LLC, our team can help you determine a product that matches your needs and helps you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, you’ll need to check 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 purchase a new high-efficiency furnace. Some of the most efficient models can save you hundreds of dollars on your energy bills throughout 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 think of questions regarding your eligibility for a tax credit, or if there are additional local savings you may be eligible for by buying a new high-efficiency furnace, give our experts at Miller Climate Control LLC a call at 512-937-2001. You could also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.