For a lot of families, there typically seems to be a lengthy list of home improvement projects that they would like to complete or new ideas they’d like to give a shot. While several may not be necessities, furnace replacement is an example of a project that could be vital to keeping your home comfortable throughout the winter months in Hasbrouck Heights.
Buying a new furnace is a great investment. You’ll definitely recognize the return-on-investment on your indoor comfort along with your energy bills, but it may be a tad overwhelming at first. The good news is that when you shop for a new energy-efficient furnace, you might be approved 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 get the tax credit, you must select 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 looking for furnace replacements, keep an eye out for heat pumps with the ENERGY STAR rating so you can be certain you’re choosing a high-efficiency furnace.
At ACE Solutions, the experts will help you identify a solution that matches your needs and makes sure you qualify for this tax credit. While ENERGY STAR products designate high efficiency, you’ll need 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.
Taking advantage of this opportunity won’t be the only savings you’ll observe when you select a new high-efficiency furnace. Many of the most efficient furnaces can save you hundreds of dollars on your energy bills all year long. And your household will also have greater confidence in your HVAC system to maintain your indoor space at just the right comfort level.
If you think of questions about your eligibility for a tax credit, or if there are other local savings you might be eligible for by purchasing a new high-efficiency furnace, give our teams at ACE Solutions a call at 201-579-2562. You can also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.