For a lot of households, there typically seems to be a long list of home improvement projects that they need to get done or new ideas they’d like to give a shot. While several may not be necessities, furnace replacement is one job that could be vital to keeping your home comfortable throughout the colder months in Northridge.
Getting a new furnace is a sizeable investment. You’ll definitely feel the return-on-investment on your indoor comfort in addition to your energy bills, but it may be a little daunting 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 pushed through December 31, 2020. In order to obtain 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 researching furnace replacements, watch for products with the ENERGY STAR rating so you can be sure you’re selecting a high-efficiency furnace.
At Enertek Air Conditioning & Heating, we’ll help you find a solution that meets your needs and makes sure you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, you will want to clarify that the furnace you select has an Annual Fuel Utilization Efficiency (AFUE) greater than 95, in order to qualify for the tax credit. AFUE represents the percent of heat produced for every dollar of fuel consumed.
This tax credit is not going to be the only savings you’ll observe when you select a new high-efficiency furnace. Some of the most efficient furnaces can save you hundreds of dollars on your energy costs throughout 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 have questions about your eligibility for a tax credit, or if there are additional local savings you may be eligible for by buying a new high-efficiency furnace, give our teams at Enertek Air Conditioning & Heating a call at (818) 727-9993. You may also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.