For many families, there typically seems to be a large list of home improvement tasks that they want to complete or new ideas they’d like to give a shot. While several may not be necessities, furnace replacement is an example of a job that might be vital to keeping your home comfortable during the winter months in Northglenn.
Buying a new furnace is a large investment. You’ll definitely realize the return-on-investment on your indoor comfort along with your energy bills, but it might be a little intimidating at first. The good news is that when you buy 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 prolonged through December 31, 2020. In order to receive 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 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 Northglenn Heating & Air Conditioning, Inc., the experts will help you select an option that meets your needs and ensures you qualify for this tax credit. While ENERGY STAR products signify high efficiency, it’s important to confirm the furnace you pick has an Annual Fuel Utilization Efficiency (AFUE) greater than 95, in order to qualify for the tax credit. AFUE indicates 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 select a new high-efficiency furnace. A lot of the most efficient models can save you hundreds of dollars on your energy bills throughout the year. And your household will also have more confidence in your HVAC system to help your home stay at just the right comfort level.
If you think of questions about your eligibility for a tax credit, or if there are other local savings you may be eligible for by installing a new high-efficiency furnace, give our experts at Northglenn Heating & Air Conditioning, Inc. a call at 303-452-4146. You may also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.