
For most families, there always seems to be a large list of home improvement to-do’s that they want to do or new ideas they’d like to attempt. While several may not be necessary, furnace replacement is an example of a job that might be vital to keeping your home comfortable through the colder months in Milledgeville and Middle Georgia.
Purchasing a new furnace is a large investment. You’ll absolutely feel the return-on-investment on your indoor comfort along with your energy costs, but it might be a little intimidating at first. The good news is that when you select a new energy-efficient furnace, you might be approved 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 get the tax credit, you are required to buy 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 researching furnace replacements, look for heat pumps with the ENERGY STAR rating so you can be sure you’re selecting a high-efficiency furnace.
At Air Concepts of Middle Georgia, we’ll help you select a solution that matches your needs and helps you qualify for this tax credit. While ENERGY STAR products indicate 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 will not be the only savings you’ll receive when you select a new high-efficiency furnace. Some of the most efficient solutions 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 keep your house at just the right temp.
If you have questions concerning 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 teams at Air Concepts of Middle Georgia a call at 478-200-5689. You may also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.