For most families, there typically seems to be a long list of home improvement tasks that they want to complete or new ideas they’d like to try. While several may not be necessary, furnace replacement is an example of a project that could be critical to keeping your home comfortable through the cooler months in Kearney.
Purchasing a new furnace is a big investment. You’ll certainly realize the return-on-investment on your indoor comfort in addition to your energy bills, but it may be a tad intimidating at first. The good news is that when you purchase a new energy-efficient furnace, you might be qualified for a federal tax credit.
According to ENERGY STAR®, the Non-Business Energy Property Tax Credits were pushed through December 31, 2020. In order to receive the tax credit, you have to 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, watch for solutions with the ENERGY STAR rating so you can be sure you’re selecting a high-efficiency furnace.
At Thurston Heating & Air Conditioning, the experts will help you identify a solution that matches your needs and ensures you qualify for this tax credit. While ENERGY STAR products designate high efficiency, you’ll need 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 indicates the percent of heat produced for every dollar of fuel consumed.
Taking advantage of this opportunity will not be the only savings you’ll observe when you select a new high-efficiency furnace. Many of the most efficient furnaces can save you hundreds of dollars on your energy bills all year long. And your family will also have more confidence in your HVAC system to help your home stay at just the right temperature.
If you come across questions concerning your eligibility for a tax credit, or if there are other local savings you could be eligible for by buying a new high-efficiency furnace, give our experts at Thurston Heating & Air Conditioning a call at 308-624-3485. You may also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.