For a lot of families, there usually seems to be a lengthy list of home improvement projects that they want to complete or new ideas they’d like to try. While a handful may not be necessary, furnace replacement is one task that might be vital to keeping your home comfortable through the colder months in Carson City.
Buying a new furnace is a big investment. You’ll absolutely feel the return-on-investment on your indoor comfort in addition to your utility costs, but it could be a little overwhelming at first. The good news is that when you shop for 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 pushed through December 31, 2020. In order to get the tax credit, you are required to select 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 looking for furnace replacements, watch for solutions with the ENERGY STAR rating so you can be certain you’re choosing a high-efficiency furnace.
At Anderson Heating & A/C, our team can help you find a solution that meets your needs and makes sure you qualify for this tax credit. While ENERGY STAR products designate high efficiency, you’ll need to check the furnace you select has an Annual Fuel Utilization Efficiency (AFUE) greater than 95, in order to qualify for the tax credit. AFUE represents the percent of heat produced for every dollar of fuel consumed.
This tax credit won’t be the only savings you’ll observe when you buy 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 you’ll 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 other local savings you may be eligible for by installing a new high-efficiency furnace, give our experts at Anderson Heating & A/C a call at 775-230-7628. You can also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.