For most families, there typically seems to be a long list of home improvement tasks that they need to get done or new ideas they’d like to give a shot. While several may not be necessary, furnace replacement is an example of a task that could be critical to keeping your home comfortable during the winter months in Greensburg.

Purchasing a new furnace is a large investment. You’ll certainly feel the return-on-investment on your indoor comfort along with your energy costs, but it could be a tad intimidating at first. The good news is that when you buy a new energy-efficient furnace, you may 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 obtain the tax credit, you have to purchase 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 researching furnace replacements, keep an eye out for products with the ENERGY STAR rating so you can be confident you’re choosing a high-efficiency furnace.

At Wallpe Heating & Cooling, the experts will help you select a solution that meets your needs and ensures you qualify for this tax credit. While ENERGY STAR products signify high efficiency, it’s important to check the furnace you pick 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 is not going to be the only savings you’ll receive when you select a new high-efficiency furnace. Some of the most efficient furnaces can save you hundreds of dollars on your energy costs throughout the year. And you’ll also have higher 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 could be eligible for by buying a new high-efficiency furnace, give our professionals at Wallpe Heating & Cooling a call at 812-663-7252. You can also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.