For many homeowners, there always seems to be a lengthy list of home improvement projects that they want to do or new ideas they’d like to attempt. While some may not be required, furnace replacement is one job that could be critical to keeping your home comfortable during the colder months in Milledgeville and Middle Georgia.
Purchasing a new furnace is a sizeable investment. You’ll absolutely see the return-on-investment on your indoor comfort as well as your utility costs, but it could be a tad daunting at first. The good news is that when you buy a new energy-efficient furnace, you may be qualified for a federal tax credit.
According to ENERGY STAR®, the Non-Business Energy Property Tax Credits were extended through December 31, 2020. In order to get the tax credit, you are required to purchase 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, keep an eye out for products with the ENERGY STAR rating so you can be sure you’re picking a high-efficiency furnace.
At Air Concepts of Middle Georgia, the experts will help you choose a solution that fits your needs and helps you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, you’ll need 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 indicates the percent of heat produced for every dollar of fuel consumed.
Qualifying for the tax credit will not be the only savings you’ll observe when you get a new high-efficiency furnace. Many of the most efficient models can save you hundreds of dollars on your energy costs during the year. And you’ll also have greater confidence in your HVAC system to keep your house at just the right comfort level.
If you have questions regarding your eligibility for a tax credit, or if there are additional local savings you might be eligible for by installing a new high-efficiency furnace, give our experts at Air Concepts of Middle Georgia a call at 478-200-5689. You could also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.