For most families, there always seems to be a lengthy list of home improvement tasks that they would like to get done or new ideas they’d like to give a shot. While several may not be necessities, furnace replacement is one task that could be vital to keeping your home comfortable during the cooler months in Norco and St. Charles Parish.
Purchasing a new furnace is a sizeable investment. You’ll definitely see the return-on-investment on your indoor comfort in addition to your energy bills, but it might be a bit intimidating at first. The good news is that when you buy 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 prolonged 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. It cannot 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 certain you’re picking a high-efficiency furnace.
At Mayeuxs AC & Heating, the experts will help you identify a product 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.
This tax credit won’t be the only savings you’ll observe when you get a new high-efficiency furnace. A lot of the most efficient models can save you hundreds of dollars on your energy bills all year long. And you’ll also have higher confidence in your HVAC system to help your home stay at just the right comfort level.
If you have questions regarding your eligibility for a tax credit, or if there are other local savings you might be eligible for by getting a new high-efficiency furnace, give our experts at Mayeuxs AC & Heating a call at (985) 764-2426. You can also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.