For most homeowners, there usually seems to be a lengthy list of home improvement tasks that they need 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 winter months in Pacheco.
Selecting a new furnace is a big investment. You’ll definitely notice the return-on-investment on your indoor comfort as well as your utility costs, but it might be a bit overwhelming at first. The good news is that when you buy 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 pushed through December 31, 2020. In order to obtain the tax credit, you have to purchase 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 browsing for furnace replacements, watch for solutions with the ENERGY STAR rating so you can be confident you’re choosing a high-efficiency furnace.
At Clean Air HVAC, our team can help you determine a product that fits your needs and helps you qualify for this tax credit. While ENERGY STAR products signify high efficiency, you will want to clarify that 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.
This tax credit is not going to be the only savings you’ll observe when you buy 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 your household will also have greater confidence in your HVAC system to maintain your indoor space at just the right temp.
If you have questions regarding 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 Clean Air HVAC a call at 925-233-6238. You could also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.