For many homeowners, there always seems to be a lengthy list of home improvement tasks that they would like to get done or new ideas they’d like to try. While several may not be required, furnace replacement is one task that may be key to keeping your home comfortable through the cooler months in Houston.
Buying a new furnace is a sizeable investment. You’ll certainly recognize the return-on-investment on your indoor comfort along with your energy costs, but it may be a bit intimidating at first. The good news is that when you shop for a new energy-efficient furnace, you could be approved 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. Keep in mind it can’t be a furnace that is labeled ENERGY STAR for “U.S. South Only.” When shopping for furnace replacements, look for solutions with the ENERGY STAR rating so you can be certain you’re choosing a high-efficiency furnace.
At Marcos AC & Heating, we’ll help you determine an option that meets your needs and makes sure you qualify for this tax credit. While ENERGY STAR products designate high efficiency, it’s important to confirm 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.
Taking advantage of this opportunity will not be the only savings you’ll find when you get a new high-efficiency furnace. Many of the most efficient models can save you hundreds of dollars on your utility costs throughout the year. And you’ll also have higher confidence in your HVAC system to keep your house at just the right temp.
If you think of questions concerning your eligibility for a tax credit, or if there are additional local savings you could be eligible for by getting a new high-efficiency furnace, give our experts at Marcos AC & Heating a call at 713-469-3357. You can also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.