For most families, there always seems to be a lengthy list of home improvement projects that they need to get done or new ideas they’d like to try. While a handful may not be necessary, furnace replacement is an example of a job that could be critical to keeping your home comfortable during the winter months in Milledgeville and Middle Georgia.
Selecting a new furnace is a large investment. You’ll certainly see the return-on-investment on your indoor comfort along with your energy costs, but it could be a tad overwhelming at first. The good news is that when you purchase a new energy-efficient furnace, you could be qualified 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 buy a furnace that has earned the ENERGY STAR label. Keep in mind it can’t be a furnace that is labeled ENERGY STAR for “U.S. South Only.” When researching furnace replacements, look for products with the ENERGY STAR rating so you can be confident you’re selecting a high-efficiency furnace.
At Air Concepts of Middle Georgia, the experts will help you determine an option that matches your needs and ensures you qualify for this tax credit. While ENERGY STAR products signify high efficiency, you’ll need to check the furnace you pick 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.
Qualifying for the tax credit won’t be the only savings you’ll observe when you purchase a new high-efficiency furnace. Some of the most efficient furnaces can save you hundreds of dollars on your energy costs throughout the year. And you’ll also have more confidence in your HVAC system to maintain your indoor space at just the right comfort level.
If you come across questions concerning your eligibility for a tax credit, or if there are additional local savings you may be eligible for by buying a new high-efficiency furnace, give our teams at Air Concepts of Middle Georgia a call at 478-200-5689. You can also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.