For a lot of households, there usually seems to be a lengthy list of home improvement to-do’s that they would like to do or new ideas they’d like to try. While several may not be necessary, furnace replacement is a task that could be critical to keeping your home comfortable through the cooler months in Lake Forest.
Purchasing a new furnace is a great investment. You’ll definitely see the return-on-investment on your indoor comfort along with your energy bills, but it could be a bit overwhelming at first. The good news is that when you purchase a new energy-efficient furnace, you could be eligible 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 get the tax credit, you have 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 looking for furnace replacements, watch for solutions with the ENERGY STAR rating so you can be sure you’re choosing a high-efficiency furnace.
At 1st Choice Heating & Air Conditioning, Inc., we’ll help you find an option that fits your needs and helps you qualify for this tax credit. While ENERGY STAR products designate 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.
Taking advantage of this opportunity will not be the only savings you’ll receive when you get a new high-efficiency furnace. Some of the most efficient models can save you hundreds of dollars on your energy costs during the year. And you’ll also have greater confidence in your HVAC system to maintain your indoor space at just the right temperature.
If you think of questions about your eligibility for a tax credit, or if there are other local savings you may be eligible for by buying a new high-efficiency furnace, give our technicians at 1st Choice Heating & Air Conditioning, Inc. a call at 949-204-0859. You can also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.