For many households, there always seems to be a large list of home improvement to-do’s that they need to complete or new ideas they’d like to attempt. While a handful may not be required, furnace replacement is a job that might be vital to keeping your home comfortable through the cooler months in Woodbridge.

Buying a new furnace is a sizeable investment. You’ll certainly notice the return-on-investment on your indoor comfort in addition to your energy bills, but it may be a bit daunting at first. The good news is that when you purchase a new energy-efficient furnace, you may be approved 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 have 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 looking for furnace replacements, look for solutions with the ENERGY STAR rating so you can be confident you’re selecting a high-efficiency furnace.

At Fire & Ice HVAC, the experts will help you select a solution 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 means the percent of heat produced for every dollar of fuel consumed.

This tax credit will not be the only savings you’ll receive when you purchase a new high-efficiency furnace. A lot of the most efficient models can save you hundreds of dollars on your utility costs during the year. And your household will also have higher confidence in your HVAC system to maintain your indoor space at just the right temp.

If you come across questions concerning your eligibility for a tax credit, or if there are other local savings you might be eligible for by purchasing a new high-efficiency furnace, give our experts at Fire & Ice HVAC a call at 703-595-4157. You can also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.