For many households, there usually seems to be a large list of home improvement to-do’s that they need to complete or new ideas they’d like to give a shot. While some may not be required, furnace replacement is an example of a project that could be vital to keeping your home comfortable throughout the winter months in Athol.
Selecting a new furnace is a sizeable investment. You’ll definitely recognize the return-on-investment on your indoor comfort as well as your utility costs, but it might be a tad intimidating at first. The good news is that when you select 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 receive the tax credit, you must 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 browsing for furnace replacements, keep an eye out for solutions with the ENERGY STAR rating so you can be confident you’re picking a high-efficiency furnace.
At Alpine Summit Heating & Cooling, the experts will help you choose a product that fits your needs and helps you qualify for this tax credit. While ENERGY STAR products signify high efficiency, it’s important 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 indicates the percent of heat produced for every dollar of fuel consumed.
This tax credit will not be the only savings you’ll receive when you get a new high-efficiency furnace. Some of the most efficient products can save you hundreds of dollars on your energy costs all year long. And your family will also have higher confidence in your HVAC system to keep your house at just the right temperature.
If you have questions regarding your eligibility for a tax credit, or if there are further local savings you may be eligible for by getting a new high-efficiency furnace, give our experts at Alpine Summit Heating & Cooling a call at 208-561-1226. You could also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.