For a lot of families, there always seems to be a lengthy list of home improvement projects that they would like to do or new ideas they’d like to try. While several may not be required, furnace replacement is one job that may be critical to keeping your home comfortable throughout the colder months in Manassas.
Selecting a new furnace is a large investment. You’ll certainly notice the return-on-investment on your indoor comfort as well as your utility costs, but it may be a tad overwhelming at first. The good news is that when you shop for a new energy-efficient furnace, you might 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 are required 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 shopping for furnace replacements, keep an eye out for solutions with the ENERGY STAR rating so you can be confident you’re picking a high-efficiency furnace.
At Air-Right Energy Design, Inc., we’ll help you select an option that fits your needs and makes sure you qualify for this tax credit. While ENERGY STAR products signify 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 means the percent of heat produced for every dollar of fuel consumed.
This tax credit won’t be the only savings you’ll receive when you get 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 your family will also have more confidence in your HVAC system to help your home stay at just the right comfort level.
If you think of questions regarding your eligibility for a tax credit, or if there are further local savings you could be eligible for by getting a new high-efficiency furnace, give our technicians at Air-Right Energy Design, Inc. a call at 703-260-1148. You can also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.