For many families, there usually seems to be a large list of home improvement to-do’s that they want to complete or new ideas they’d like to try. While a handful may not be necessary, furnace replacement is an example of a task that might be vital to keeping your home comfortable through the winter months in Cape Coral.
Purchasing a new furnace is a sizeable investment. You’ll definitely feel the return-on-investment on your indoor comfort along with your energy bills, but it could be a little overwhelming at first. The good news is that when you buy 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 prolonged through December 31, 2020. In order to receive the tax credit, you are required to buy 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 shopping for furnace replacements, look for heat pumps with the ENERGY STAR rating so you can be sure you’re selecting a high-efficiency furnace.
At Comfort Zone, LLC, our team can help you determine a product that fits your needs and ensures you qualify for this tax credit. While ENERGY STAR products signify high efficiency, it’s important 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.
Qualifying for the tax credit is not going to be the only savings you’ll receive when you purchase a new high-efficiency furnace. Many of the most efficient products 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 maintain your indoor space at just the right temp.
If you think of questions concerning your eligibility for a tax credit, or if there are further local savings you might be eligible for by purchasing a new high-efficiency furnace, give our experts at Comfort Zone, LLC a call at 239-214-0411. You may also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.