For a lot of homeowners, there usually seems to be a long list of home improvement tasks that they would like to do or new ideas they’d like to try. While some may not be necessary, furnace replacement is a job that may be critical to keeping your home comfortable during the winter months in Jefferson City.
Buying a new furnace is a big investment. You’ll certainly notice the return-on-investment on your indoor comfort along with your energy bills, but it may be a bit daunting at first. The good news is that when you buy 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 receive the tax credit, you have to purchase a furnace that has earned the ENERGY STAR label. It cannot be a furnace that is labeled ENERGY STAR for “U.S. South Only.” When browsing for furnace replacements, look for products with the ENERGY STAR rating so you can be certain you’re choosing a high-efficiency furnace.
At Stieferman Heating Company Inc, the experts will help you identify a solution that fits your needs and makes sure 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 means the percent of heat produced for every dollar of fuel consumed.
This tax credit is not going to be the only savings you’ll observe when you get a new high-efficiency furnace. Some of the most efficient furnaces can save you hundreds of dollars on your utility costs all year long. And your family will also have greater confidence in your HVAC system to maintain your indoor space at just the right temperature.
If you have questions about your eligibility for a tax credit, or if there are further local savings you could be eligible for by installing a new high-efficiency furnace, give our teams at Stieferman Heating Company Inc a call at 573-635-3547. You could also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.