For a lot of households, there typically seems to be a lengthy list of home improvement tasks that they need to complete or new ideas they’d like to attempt. While several may not be required, furnace replacement is a project that might be vital to keeping your home comfortable during the cooler months in Chelan and Wenatchee.

Purchasing a new furnace is a large investment. You’ll absolutely feel the return-on-investment on your indoor comfort in addition to your energy bills, but it may be a little intimidating at first. The good news is that when you shop for a new energy-efficient furnace, you may be qualified 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 receive the tax credit, you must select a furnace that has earned the ENERGY STAR label. Keep in mind it can’t be a furnace that is labeled ENERGY STAR for “U.S. South Only.” When browsing for furnace replacements, watch for solutions with the ENERGY STAR rating so you can be confident you’re choosing a high-efficiency furnace.

At Lakeside Heating & Air, our team can help you select a solution that meets your needs and makes sure you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, it’s important to clarify that 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.

This tax credit will not be the only savings you’ll find when you select a new high-efficiency furnace. Some of the most efficient models can save you hundreds of dollars on your utility costs throughout the year. And you’ll also have greater confidence in your HVAC system to maintain your indoor space at just the right temp.

If you come across questions about your eligibility for a tax credit, or if there are additional local savings you could be eligible for by getting a new high-efficiency furnace, give our professionals at Lakeside Heating & Air a call at 509-284-4265. You can also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.