For many families, there usually seems to be a long list of home improvement tasks that they need to complete or new ideas they’d like to attempt. While a handful may not be necessary, furnace replacement is a job that may be critical to keeping your home comfortable throughout the winter months in Houston.
Selecting a new furnace is a great investment. You’ll certainly realize the return-on-investment on your indoor comfort in addition to your utility costs, but it might be a bit intimidating at first. The good news is that when you pick a new energy-efficient furnace, you may be eligible 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 must 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 researching furnace replacements, keep an eye out for solutions with the ENERGY STAR rating so you can be sure you’re picking a high-efficiency furnace.
At Air Current AC & Heat, the experts will help you determine an option that matches your needs and helps you qualify for this tax credit. While ENERGY STAR products designate high efficiency, it’s important 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 won’t be the only savings you’ll receive when you purchase a new high-efficiency furnace. Many of the most efficient solutions can save you hundreds of dollars on your energy costs during the year. And your household will also have more confidence in your HVAC system to help your home stay at just the right comfort level.
If you think of questions about your eligibility for a tax credit, or if there are other local savings you may be eligible for by installing 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 establishment if you have questions about other eligible home products.