For most homeowners, there usually seems to be a lengthy list of home improvement tasks that they want to get done or new ideas they’d like to try. While some may not be necessities, furnace replacement is a project that could be critical to keeping your home comfortable during the cooler months in Thedford.

Purchasing a new furnace is a sizeable investment. You’ll absolutely recognize the return-on-investment on your indoor comfort along with your utility costs, but it might be a tad intimidating at first. The good news is that when you shop for 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 prolonged through December 31, 2020. In order to receive the tax credit, you have to purchase 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 solutions with the ENERGY STAR rating so you can be certain you’re selecting a high-efficiency furnace.

At Taylor's Heating & Air Conditioning, we’ll help you identify an option that meets your needs and helps you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, you will want 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 won’t be the only savings you’ll find when you select a new high-efficiency furnace. A lot of the most efficient solutions can save you hundreds of dollars on your energy bills all year long. And your household will also have higher confidence in your HVAC system to keep your house at just the right comfort level.

If you have questions concerning your eligibility for a tax credit, or if there are further local savings you could be eligible for by getting a new high-efficiency furnace, give our professionals at Taylor's Heating & Air Conditioning a call at 519-296-4437. You may also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.