Tax Credit for Your New Furnace

Oftentimes, there’s a long list of home improvement tasks that people want to complete or new ideas they’d like to try.

In the colder months, furnace replacement is one job that might be critical to keeping your home comfortable.

A new furnace is an excellent investment. In terms of both your indoor comfort and your energy bills, you will definitely see a return-on-investment, but it can be a little intimidating at first. If you choose an energy-efficient furnace, you may qualify for a federal tax credit.. To qualify for the tax credit, you must purchase a furnace that has earned the energy star label. If you’re replacing your furnace, look for heat pumps with the energy star rating to ensure you’re getting a high-efficiency furnace. Energy star products are highly efficient, but to qualify for the tax credit, you should verify that your furnace has an Annual Fuel Utilization Efficiency higher than 95. The annual fuel utilization efficiency, or AFUE, is the percentage of heat produced per dollar spent on fuel. If you purchase a high-efficiency furnace, you will not only be eligible for the tax credit, but you’ll also be able to save money on your energy bills as well. It is estimated that the most efficient furnaces can save you several hundred dollars in your energy bills over the course of a year. Your family will also have greater confidence in your HVAC system in order to keep your house at the perfect level of comfort.

heat pump installation