For a lot of homeowners, there typically seems to be a lengthy list of home improvement tasks that they would like to get done or new ideas they’d like to try. While some may not be necessary, furnace replacement is a job that might be critical to keeping your home comfortable during the cooler months in Manassas.
Selecting a new furnace is a sizeable investment. You’ll certainly recognize the return-on-investment on your indoor comfort as well as your utility costs, but it may be a tad daunting at first. The good news is that when you buy a new energy-efficient furnace, you could be eligible 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 receive the tax credit, you are required to buy 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, watch for solutions with the ENERGY STAR rating so you can be certain you’re choosing a high-efficiency furnace.
At Fire & Ice HVAC, we’ll help you find a solution that fits your needs and helps you qualify for this tax credit. While ENERGY STAR products signify high efficiency, you will want to check the furnace you choose 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.
This tax credit won’t be the only savings you’ll observe when you purchase a new high-efficiency furnace. A lot of the most efficient models can save you hundreds of dollars on your energy bills throughout the year. And your family will also have more confidence in your HVAC system to help your home stay at just the right temperature.
If you think of questions about your eligibility for a tax credit, or if there are other local savings you could be eligible for by purchasing a new high-efficiency furnace, give our technicians at Fire & Ice HVAC a call at 703-595-4157. You can also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.