For a lot of households, there typically seems to be a long list of home improvement projects that they would like to get done or new ideas they’d like to attempt. While several may not be necessities, furnace replacement is one project that might be critical to keeping your home comfortable throughout the winter months in Cambridge.
Buying a new furnace is a big investment. You’ll absolutely see the return-on-investment on your indoor comfort in addition to your energy bills, but it may be a bit overwhelming at first. The good news is that when you select a new energy-efficient furnace, you may be eligible for a federal tax credit.
According to ENERGY STAR®, the Non-Business Energy Property Tax Credits were pushed through December 31, 2020. In order to obtain the tax credit, you have to 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 looking for furnace replacements, look for heat pumps with the ENERGY STAR rating so you can be confident you’re selecting a high-efficiency furnace.
At Pliescott HVAC Services LLC , we’ll help you choose a solution that meets your needs and makes sure you qualify for this tax credit. While ENERGY STAR products designate high efficiency, you will want to clarify that the furnace you choose 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 won’t be the only savings you’ll find when you select a new high-efficiency furnace. Some of the most efficient products can save you hundreds of dollars on your utility costs during the year. And your household will also have higher confidence in your HVAC system to maintain your indoor space at just the right temp.
If you come across questions regarding your eligibility for a tax credit, or if there are further local savings you might be eligible for by installing a new high-efficiency furnace, give our experts at Pliescott HVAC Services LLC a call at 410-228-4822. You could also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.