For a lot of families, there usually seems to be a large list of home improvement projects that they would like to get done or new ideas they’d like to attempt. While several may not be necessary, furnace replacement is a job that may be critical to keeping your home comfortable throughout the colder months in New Castle.

Getting a new furnace is a great investment. You’ll certainly see the return-on-investment on your indoor comfort in addition to your energy costs, but it might be a tad intimidating at first. The good news is that when you purchase 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 extended through December 31, 2020. In order to get the tax credit, you must 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, look for heat pumps with the ENERGY STAR rating so you can be certain you’re selecting a high-efficiency furnace.

At Central Heating & Plumbing, the experts will help you choose a solution that fits your needs and helps you qualify for this tax credit. While ENERGY STAR products designate high efficiency, it’s important to clarify that the furnace you pick 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 find when you buy a new high-efficiency furnace. Many of the most efficient solutions can save you hundreds of dollars on your energy costs during the year. And your household will also have greater confidence in your HVAC system to keep your house at just the right comfort level.

If you come across questions concerning 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 experts at Central Heating & Plumbing a call at 724-401-1843. You may also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.