For a lot of families, there typically seems to be a lengthy list of home improvement projects that they want to do or new ideas they’d like to try. While several may not be necessities, furnace replacement is a project that might be critical to keeping your home comfortable through the cooler months in Safford.
Purchasing a new furnace is a great investment. You’ll absolutely see the return-on-investment on your indoor comfort as well as your energy bills, but it might be a little overwhelming at first. The good news is that when you shop for a new energy-efficient furnace, you could 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 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 looking for furnace replacements, watch for solutions with the ENERGY STAR rating so you can be certain you’re selecting a high-efficiency furnace.
At B&D Air Conditioning, our team can help you choose a product that matches your needs and ensures you qualify for this tax credit. While ENERGY STAR products signify high efficiency, it’s important 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 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 receive when you purchase a new high-efficiency furnace. A lot of the most efficient models 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 help your home stay at just the right temperature.
If you come across questions regarding 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 teams at B&D Air Conditioning a call at 928-432-6018. You could also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.