For most homeowners, there usually seems to be a large list of home improvement projects that they need to complete or new ideas they’d like to try. While a handful may not be required, furnace replacement is a project that may be key to keeping your home comfortable through the winter months in Covington.
Getting a new furnace is a sizeable investment. You’ll absolutely recognize the return-on-investment on your indoor comfort along with your energy costs, but it may be a tad daunting at first. The good news is that when you select a new energy-efficient furnace, you could 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 get the tax credit, you must 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, keep an eye out for solutions with the ENERGY STAR rating so you can be certain you’re choosing a high-efficiency furnace.
At Covington Air Systems, the experts will help you find an option that fits your needs and makes sure you qualify for this tax credit. While ENERGY STAR products signify high efficiency, you will want to clarify that the furnace you pick 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 won’t be the only savings you’ll observe when you select 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 help your home stay 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 may be eligible for by getting a new high-efficiency furnace, give our professionals at Covington Air Systems a call at (770) 462-5319. You can also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.