For many households, there always seems to be a long list of home improvement projects that they need to do or new ideas they’d like to attempt. While a handful may not be necessary, furnace replacement is an example of a task that might be critical to keeping your home comfortable throughout the colder months in Rock Hill.
Purchasing a new furnace is a sizeable 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 overwhelming at first. The good news is that when you shop for a new energy-efficient furnace, you might 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 receive 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 shopping for furnace replacements, keep an eye out for products with the ENERGY STAR rating so you can be confident you’re picking a high-efficiency furnace.
At US Air Heating and Cooling, the experts will help you identify an option that matches your needs and ensures 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 means the percent of heat produced for every dollar of fuel consumed.
Qualifying for the tax credit won’t be the only savings you’ll find when you select a new high-efficiency furnace. Some of the most efficient models can save you hundreds of dollars on your utility costs throughout the year. And your family will also have more confidence in your HVAC system to help your home stay at just the right temperature.
If you think of questions concerning your eligibility for a tax credit, or if there are other local savings you could be eligible for by installing a new high-efficiency furnace, give our experts at US Air Heating and Cooling a call at 803-220-0761. You could also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.