For most households, there usually seems to be a large list of home improvement projects that they need to get done 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 throughout the colder months in Zelienople.
Getting a new furnace is a large investment. You’ll absolutely recognize the return-on-investment on your indoor comfort as well as your utility costs, but it might be a bit overwhelming at first. The good news is that when you select a new energy-efficient furnace, you might 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 obtain 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 looking for furnace replacements, watch for heat pumps with the ENERGY STAR rating so you can be sure you’re selecting a high-efficiency furnace.
At Knoechel Heating Company, we’ll help you identify a product that meets your needs and ensures you qualify for this tax credit. While ENERGY STAR products designate 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.
Qualifying for the tax credit won’t be the only savings you’ll observe when you purchase a new high-efficiency furnace. Many of the most efficient furnaces can save you hundreds of dollars on your utility costs during the year. And you’ll also have more confidence in your HVAC system to maintain your indoor space at just the right temperature.
If you come across questions concerning your eligibility for a tax credit, or if there are other local savings you could be eligible for by installing a new high-efficiency furnace, give our professionals at Knoechel Heating Company a call at 724-425-5852. You may also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.