For many homeowners, there usually seems to be a large list of home improvement tasks that they would like to do or new ideas they’d like to give a shot. While some may not be necessities, furnace replacement is a project that may be vital to keeping your home comfortable during the colder months in Houston.
Purchasing a new furnace is a large investment. You’ll certainly feel the return-on-investment on your indoor comfort along with your energy costs, but it may be a bit intimidating at first. The good news is that when you shop for a new energy-efficient furnace, you might 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 obtain the tax credit, you have 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, look for heat pumps with the ENERGY STAR rating so you can be sure you’re choosing a high-efficiency furnace.
At Air Current AC & Heat, we’ll help you select a solution that matches your needs and ensures you qualify for this tax credit. While ENERGY STAR products designate high efficiency, it’s important to check the furnace you choose 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 receive when you purchase a new high-efficiency furnace. Some of the most efficient models can save you hundreds of dollars on your energy costs throughout the year. And your family will also have greater confidence in your HVAC system to help your home stay at just the right temp.
If you come across questions concerning your eligibility for a tax credit, or if there are other local savings you may be eligible for by getting a new high-efficiency furnace, give our teams at Air Current AC & Heat a call at 713-322-4318. You may also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.