
For most households, there always 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 necessities, furnace replacement is a job that may be vital to keeping your home comfortable throughout the colder months in Heflin.
Purchasing a new furnace is a sizeable investment. You’ll absolutely see the return-on-investment on your indoor comfort as well as your utility costs, but it could 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 get the tax credit, you are required to buy 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 browsing for furnace replacements, watch for products with the ENERGY STAR rating so you can be certain you’re choosing a high-efficiency furnace.
At Bain Heating & Air Conditioning, we’ll help you identify a solution that meets your needs and makes sure you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, it’s important 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 purchase a new high-efficiency furnace. Some of the most efficient products can save you hundreds of dollars on your energy bills throughout the year. And your household will also have greater confidence in your HVAC system to maintain your indoor space at just the right comfort level.
If you come across questions concerning your eligibility for a tax credit, or if there are other local savings you may be eligible for by purchasing a new high-efficiency furnace, give our technicians at Bain Heating & Air Conditioning a call at 256-270-1196. You could also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.