For many families, there usually seems to be a long list of home improvement projects that they want to get done or new ideas they’d like to give a shot. While several may not be necessary, furnace replacement is one job that may be vital to keeping your home comfortable throughout the colder months in Logan.
Purchasing a new furnace is a sizeable investment. You’ll definitely see the return-on-investment on your indoor comfort in addition to your utility costs, but it might be a little daunting at first. The good news is that when you shop for a new energy-efficient furnace, you could 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 buy 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 shopping for furnace replacements, look for solutions with the ENERGY STAR rating so you can be confident you’re choosing a high-efficiency furnace.
At Western Mechanical, Inc., the experts will help you determine a product that fits your needs and ensures you qualify for this tax credit. While ENERGY STAR products signify high efficiency, it’s important to confirm the furnace you pick 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.
Taking advantage of this opportunity is not going to be the only savings you’ll observe when you get a new high-efficiency furnace. A lot of the most efficient models can save you hundreds of dollars on your energy costs throughout the year. And you’ll also have higher confidence in your HVAC system to help your home stay at just the right comfort level.
If you have questions about your eligibility for a tax credit, or if there are other local savings you could be eligible for by getting a new high-efficiency furnace, give our experts at Western Mechanical, Inc. a call at 435-753-5515. You could also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.