For a lot of homeowners, there usually seems to be a lengthy list of home improvement tasks that they would like to complete or new ideas they’d like to give a shot. While a handful may not be necessary, furnace replacement is a task that could be key to keeping your home comfortable during the winter months in Longview.
Getting a new furnace is a great investment. You’ll certainly realize the return-on-investment on your indoor comfort in addition to your energy bills, but it might be a little intimidating at first. The good news is that when you select a new energy-efficient furnace, you might be approved 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 are required to select 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 browsing for furnace replacements, keep an eye out for solutions with the ENERGY STAR rating so you can be certain you’re selecting a high-efficiency furnace.
At Goode Bros AC & Heating, the experts will help you select a product that meets your needs and makes sure you qualify for this tax credit. While ENERGY STAR products designate high efficiency, you’ll need to confirm the furnace you pick 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 will not be the only savings you’ll find when you buy a new high-efficiency furnace. Many of the most efficient products can save you hundreds of dollars on your energy bills throughout the year. And your family will also have more confidence in your HVAC system to keep your house at just the right comfort level.
If you come across questions concerning your eligibility for a tax credit, or if there are additional local savings you might be eligible for by getting 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 organization if you have questions about other eligible home products.