For a lot of families, there usually seems to be a large list of home improvement tasks that they need to get done or new ideas they’d like to attempt. While several may not be required, furnace replacement is one task that could be key to keeping your home comfortable throughout the winter months in West Valley City.
Purchasing a new furnace is a great investment. You’ll certainly recognize the return-on-investment on your indoor comfort in addition to your utility costs, but it could be a tad daunting at first. The good news is that when you pick a new energy-efficient furnace, you could 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 must 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 shopping 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, the experts will help you choose a solution that fits your needs and makes sure you qualify for this tax credit. While ENERGY STAR products signify high efficiency, you will want 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 indicates the percent of heat produced for every dollar of fuel consumed.
This tax credit won’t be the only savings you’ll find when you buy a new high-efficiency furnace. Many of the most efficient products can save you hundreds of dollars on your utility costs throughout the year. And your family will also have greater confidence in your HVAC system to maintain your indoor space at just the right comfort level.
If you have 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 Select Comfort Systems a call at 801-305-4777. You could also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.