For most families, there usually seems to be a lengthy list of home improvement projects that they want to complete or new ideas they’d like to try. While several may not be required, furnace replacement is a job that could be vital to keeping your home comfortable throughout the winter months in Tomball.
Purchasing a new furnace is a big investment. You’ll certainly see the return-on-investment on your indoor comfort in addition to your energy bills, but it could be a tad intimidating at first. The good news is that when you purchase a new energy-efficient furnace, you might be qualified 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 receive the tax credit, you have to buy 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 browsing for furnace replacements, look for heat pumps with the ENERGY STAR rating so you can be confident you’re selecting a high-efficiency furnace.
At Premium Air Services LLC, we’ll help you choose a solution that matches your needs and ensures you qualify for this tax credit. While ENERGY STAR products indicate 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 represents the percent of heat produced for every dollar of fuel consumed.
Taking advantage of this opportunity will not be the only savings you’ll observe when you select a new high-efficiency furnace. Many of the most efficient models can save you hundreds of dollars on your energy costs during the year. And your household will also have more confidence in your HVAC system to keep your house at just the right temperature.
If you come across questions about your eligibility for a tax credit, or if there are further local savings you might be eligible for by getting a new high-efficiency furnace, give our technicians at Premium Air Services LLC a call at 713-364-9957. You could also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.