For many households, there always seems to be a long list of home improvement to-do’s that they want to do or new ideas they’d like to attempt. While several may not be necessary, furnace replacement is a job that might be critical to keeping your home comfortable throughout the cooler months in Palm Coast.
Buying a new furnace is a great investment. You’ll definitely realize the return-on-investment on your indoor comfort as well as your utility costs, but it could be a little daunting at first. The good news is that when you pick a new energy-efficient furnace, you may be approved 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 obtain 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 researching furnace replacements, watch for solutions with the ENERGY STAR rating so you can be sure you’re picking a high-efficiency furnace.
At Cooks Air Conditioning and Heating Specialists, the experts will help you select a solution that fits your needs and makes sure you qualify for this tax credit. While ENERGY STAR products signify high efficiency, it’s important 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 is not going to be the only savings you’ll receive when you purchase a new high-efficiency furnace. Some of the most efficient solutions can save you hundreds of dollars on your utility costs all year long. 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 think of questions concerning your eligibility for a tax credit, or if there are additional local savings you may be eligible for by buying a new high-efficiency furnace, give our teams at Cooks Air Conditioning and Heating Specialists a call at 386-313-8766. You can also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.