For most homeowners, there usually seems to be a large list of home improvement projects that they want to complete or new ideas they’d like to attempt. While a handful may not be required, furnace replacement is an example of a job that might be vital to keeping your home comfortable throughout the cooler months in Buellton.
Selecting a new furnace is a big investment. You’ll definitely notice the return-on-investment on your indoor comfort along with your energy bills, but it could be a bit 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 prolonged through December 31, 2020. In order to get the tax credit, you must purchase 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 browsing for furnace replacements, look for solutions with the ENERGY STAR rating so you can be sure you’re selecting a high-efficiency furnace.
At Allstar Heating & Air Conditioning, the experts will help you choose a solution that matches your needs and ensures you qualify for this tax credit. While ENERGY STAR products designate high efficiency, you will want 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.
This tax credit is not going to be the only savings you’ll receive when you buy a new high-efficiency furnace. Many of the most efficient solutions can save you hundreds of dollars on your utility costs all year long. And your household will also have greater confidence in your HVAC system to maintain your indoor space at just the right temperature.
If you think of questions concerning your eligibility for a tax credit, or if there are additional local savings you could be eligible for by buying a new high-efficiency furnace, give our professionals at Allstar Heating & Air Conditioning a call at 805-242-9638. You may also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.