For a lot of homeowners, there usually seems to be a large list of home improvement projects that they want to do or new ideas they’d like to attempt. While some may not be required, furnace replacement is a task that could be key to keeping your home comfortable throughout the cooler months in Greensburg.

Getting a new furnace is a large investment. You’ll certainly realize the return-on-investment on your indoor comfort along with your energy bills, but it may be a tad intimidating at first. The good news is that when you purchase 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 pushed 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 researching furnace replacements, look for products with the ENERGY STAR rating so you can be certain you’re selecting a high-efficiency furnace.

At Wallpe Heating & Cooling, we’ll help you identify an option that meets your needs and ensures you qualify for this tax credit. While ENERGY STAR products designate high efficiency, you’ll need 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 means the percent of heat produced for every dollar of fuel consumed.

This tax credit will not be the only savings you’ll find when you select a new high-efficiency furnace. A lot of the most efficient furnaces can save you hundreds of dollars on your energy costs all year long. And your family will also have greater confidence in your HVAC system to help your home stay at just the right comfort level.

If you have questions about your eligibility for a tax credit, or if there are other local savings you may be eligible for by getting a new high-efficiency furnace, give our experts at Wallpe Heating & Cooling a call at 812-663-7252. You could also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.