Family enjoying the comfort of home

Can I earn a tax credit for my new furnace?

For most households, there typically seems to be a lengthy list of home improvement tasks that they want to get done or new ideas they’d like to give a shot. While some may not be required, furnace replacement is a project that may be vital to keeping your home comfortable during the cooler months in Carson City.

Purchasing a new furnace is a great investment. You’ll certainly recognize the return-on-investment on your indoor comfort in addition to your energy costs, but it may be a tad daunting at first. The good news is that when you select 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 pushed through December 31, 2020. In order to receive 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 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, the experts will help you identify a product that meets your needs and makes sure you qualify for this tax credit. While ENERGY STAR products designate high efficiency, it’s important to check the furnace you pick 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.

This tax credit is not going to be the only savings you’ll receive when you select a new high-efficiency furnace. Many of the most efficient products can save you hundreds of dollars on your energy costs throughout the year. And your household will also have higher confidence in your HVAC system to maintain your indoor space 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 might be eligible for by installing a new high-efficiency furnace, give our professionals at Anderson Heating & A/C a call at 775-230-7628. You may also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.

Back To Blog