For most families, there typically seems to be a long list of home improvement to-do’s that they want to get done or new ideas they’d like to give a shot. While a handful may not be necessary, furnace replacement is a job that may be key to keeping your home comfortable throughout the cooler months in Des Moines.
Getting a new furnace is a large investment. You’ll certainly realize the return-on-investment on your indoor comfort along with your energy bills, but it could be a tad overwhelming at first. The good news is that when you select a new energy-efficient furnace, you could be eligible 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. However, 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 sure you’re choosing a high-efficiency furnace.
At Heartland Heating & Cooling, our team can help you identify a solution that meets your needs and helps you qualify for this tax credit. While ENERGY STAR products signify high efficiency, you’ll need to confirm the furnace you choose 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 observe when you buy a new high-efficiency furnace. Many of the most efficient solutions can save you hundreds of dollars on your energy costs throughout the year. And you’ll also have more confidence in your HVAC system to keep your house at just the right temp.
If you come across questions regarding your eligibility for a tax credit, or if there are additional local savings you might be eligible for by buying a new high-efficiency furnace, give our teams at Heartland Heating & Cooling a call at 515-344-3579. You may also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.