For many homeowners, there always seems to be a long list of home improvement tasks that they need to do or new ideas they’d like to give a shot. While a handful may not be necessary, furnace replacement is an example of a project that might be critical to keeping your home comfortable throughout the colder months in Chelan and Wenatchee.
Buying a new furnace is a sizeable investment. You’ll definitely recognize the return-on-investment on your indoor comfort in addition to your energy bills, 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 pushed through December 31, 2020. In order to receive the tax credit, you have to 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 looking for furnace replacements, watch for products with the ENERGY STAR rating so you can be confident you’re choosing a high-efficiency furnace.
At Lakeside Heating & Air, the experts will 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, 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.
Qualifying for the tax credit is not going to be the only savings you’ll observe 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 you’ll also have higher confidence in your HVAC system to keep your house at just the right temp.
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 getting a new high-efficiency furnace, give our technicians at Lakeside Heating & Air a call at 509-284-4265. You could also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.