For many households, there usually seems to be a large list of home improvement projects that they want to do or new ideas they’d like to attempt. While several may not be necessities, furnace replacement is one task that could be vital to keeping your home comfortable during the cooler months in Houston.
Purchasing a new furnace is a great investment. You’ll certainly notice the return-on-investment on your indoor comfort along with your energy costs, but it might be a tad intimidating at first. The good news is that when you purchase a new energy-efficient furnace, you could be approved 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 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 shopping for furnace replacements, keep an eye out for solutions with the ENERGY STAR rating so you can be confident you’re picking a high-efficiency furnace.
At Air Current AC & Heat, we’ll help you choose a product that meets your needs and ensures you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, you’ll need to clarify that the furnace you select 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.
Taking advantage of this opportunity is not going to be the only savings you’ll find when you purchase a new high-efficiency furnace. Some of the most efficient models can save you hundreds of dollars on your energy bills all year long. And your household will also have greater confidence in your HVAC system to help your home stay at just the right temperature.
If you come across questions concerning your eligibility for a tax credit, or if there are further local savings you could be eligible for by buying a new high-efficiency furnace, give our professionals at Air Current AC & Heat a call at 713-322-4318. You can also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.