For most families, there usually seems to be a lengthy list of home improvement tasks that they would like to complete or new ideas they’d like to try. While several may not be necessities, furnace replacement is a task that may be vital to keeping your home comfortable through the winter months in Manassas.
Getting a new furnace is a large investment. You’ll definitely feel the return-on-investment on your indoor comfort along with your utility costs, but it could be a tad daunting at first. The good news is that when you buy 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 obtain the tax credit, you must 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 browsing for furnace replacements, look for solutions with the ENERGY STAR rating so you can be certain you’re picking a high-efficiency furnace.
At Air-Right Energy Design, our team can help you find a solution that matches your needs and makes sure you qualify for this tax credit. While ENERGY STAR products designate high efficiency, it’s important to confirm 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 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 higher confidence in your HVAC system to help your home stay at just the right temperature.
If you have questions regarding your eligibility for a tax credit, or if there are other local savings you may be eligible for by buying a new high-efficiency furnace, give our teams at Air-Right Energy Design a call at 703-260-1148. You can also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.