For a lot of homeowners, there usually seems to be a long list of home improvement projects that they would like to get done or new ideas they’d like to try. While a handful may not be necessary, furnace replacement is one job that could be key to keeping your home comfortable through the colder months in Longview.
Buying a new furnace is a large investment. You’ll absolutely recognize the return-on-investment on your indoor comfort in addition to your utility costs, but it may be a tad overwhelming at first. The good news is that when you shop for a new energy-efficient furnace, you may be qualified for a federal tax credit.
According to ENERGY STAR®, the Non-Business Energy Property Tax Credits were extended through December 31, 2020. In order to obtain the tax credit, you have to purchase a furnace that has earned the ENERGY STAR label. Keep in mind it can’t be a furnace that is labeled ENERGY STAR for “U.S. South Only.” When researching furnace replacements, keep an eye out for solutions with the ENERGY STAR rating so you can be certain you’re choosing a high-efficiency furnace.
At Goode Bros AC & Heating, our team can help you determine an option that fits your needs and makes sure you qualify for this tax credit. While ENERGY STAR products designate high efficiency, it’s important to clarify that the furnace you choose 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 won’t be the only savings you’ll observe when you purchase a new high-efficiency furnace. Many of the most efficient products can save you hundreds of dollars on your energy costs all year long. And your family will also have more confidence in your HVAC system to keep your house at just the right temperature.
If you come across questions about your eligibility for a tax credit, or if there are other local savings you could be eligible for by buying a new high-efficiency furnace, give our professionals at Goode Bros AC & Heating a call at 903-284-2612. You can also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.