For a lot of homeowners, there typically seems to be a large list of home improvement to-do’s that they need to do or new ideas they’d like to give a shot. While several may not be required, furnace replacement is an example of a job that may be critical to keeping your home comfortable during the cooler months in Middle Georgia.
Buying a new furnace is a sizeable investment. You’ll absolutely see the return-on-investment on your indoor comfort along with your utility costs, but it may be a little overwhelming at first. The good news is that when you shop for a new energy-efficient furnace, you could be eligible 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 are required to select 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 researching furnace replacements, watch for solutions with the ENERGY STAR rating so you can be certain you’re picking a high-efficiency furnace.
At Air Concepts of Middle Georgia, we’ll help you determine a product that meets your needs and helps 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.
Qualifying for the tax credit will not be the only savings you’ll receive when you select a new high-efficiency furnace. Many of the most efficient models can save you hundreds of dollars on your utility costs during the year. And your family will also have more confidence in your HVAC system to maintain your indoor space at just the right comfort level.
If you come across questions regarding your eligibility for a tax credit, or if there are further local savings you may be eligible for by getting a new high-efficiency furnace, give our professionals at Air Concepts of Middle Georgia a call at 478-200-5689. You may also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.