For most households, there typically seems to be a large list of home improvement tasks that they want to do or new ideas they’d like to attempt. While a handful may not be necessities, furnace replacement is a task that may be key to keeping your home comfortable throughout the winter months in Omaha.
Getting a new furnace is a great investment. You’ll definitely feel the return-on-investment on your indoor comfort as well as your energy bills, but it might be a bit intimidating at first. The good news is that when you buy 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 extended through December 31, 2020. In order to receive the tax credit, you are required to select 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 confident you’re selecting a high-efficiency furnace.
At The Frazier Company, we’ll help you find a product that meets your needs and makes sure you qualify for this tax credit. While ENERGY STAR products signify high efficiency, you’ll need to check the furnace you select has an Annual Fuel Utilization Efficiency (AFUE) greater than 95, in order to qualify for the tax credit. AFUE indicates the percent of heat produced for every dollar of fuel consumed.
Qualifying for the tax credit is not going to be the only savings you’ll observe when you purchase a new high-efficiency furnace. Many of the most efficient models can save you hundreds of dollars on your energy bills all year long. And you’ll also have higher confidence in your HVAC system to help your home stay at just the right temp.
If you think of questions about your eligibility for a tax credit, or if there are additional local savings you may be eligible for by purchasing a new high-efficiency furnace, give our professionals at The Frazier Company a call at 402-628-0206. You can also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.