For a lot of families, there always seems to be a long list of home improvement tasks that they need to complete or new ideas they’d like to try. While some may not be necessary, furnace replacement is an example of a project that may be vital to keeping your home comfortable through the winter months in West Valley City.
Buying a new furnace is a sizeable investment. You’ll definitely notice the return-on-investment on your indoor comfort along with your utility costs, but it may be a tad daunting at first. The good news is that when you select a new energy-efficient furnace, you might be approved 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 get the tax credit, you have to purchase 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 browsing for furnace replacements, watch for heat pumps with the ENERGY STAR rating so you can be confident you’re picking a high-efficiency furnace.
At Select Comfort Systems Heating & Air Conditioning, the experts will help you find a product that matches your needs and ensures you qualify for this tax credit. While ENERGY STAR products signify high efficiency, you’ll need 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 indicates the percent of heat produced for every dollar of fuel consumed.
Qualifying for the tax credit won’t be the only savings you’ll observe when you buy a new high-efficiency furnace. A lot of the most efficient models can save you hundreds of dollars on your energy bills during the year. And your family will also have higher confidence in your HVAC system to help your home stay at just the right temperature.
If you think of questions about your eligibility for a tax credit, or if there are other local savings you could be eligible for by purchasing a new high-efficiency furnace, give our teams at Select Comfort Systems Heating & Air Conditioning a call at 801-305-4777. You can also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.