For most families, there always seems to be a lengthy list of home improvement projects that they want to get done or new ideas they’d like to try. While some may not be necessary, furnace replacement is a task that could be vital to keeping your home comfortable throughout the colder months in Des Moines.
Buying a new furnace is a sizeable investment. You’ll absolutely see the return-on-investment on your indoor comfort in addition to your utility costs, but it could be a bit daunting at first. The good news is that when you pick a new energy-efficient furnace, you may be eligible 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 receive the tax credit, you have to purchase 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 shopping for furnace replacements, watch for heat pumps with the ENERGY STAR rating so you can be confident you’re choosing a high-efficiency furnace.
At Heartland Heating & Cooling, the experts will help you select an option that meets your needs and ensures you qualify for this tax credit. While ENERGY STAR products designate high efficiency, you’ll need 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 represents the percent of heat produced for every dollar of fuel consumed.
Taking advantage of this opportunity won’t be the only savings you’ll receive when you select a new high-efficiency furnace. Many of the most efficient furnaces 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 have questions concerning your eligibility for a tax credit, or if there are further local savings you could be eligible for by installing a new high-efficiency furnace, give our teams at Heartland Heating & Cooling a call at 515-344-3579. You can also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.