For many families, there always seems to be a large 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 required, furnace replacement is an example of a task that might be critical to keeping your home comfortable during the colder months in Auburn and Opelika.

Buying a new furnace is a large investment. You’ll absolutely realize the return-on-investment on your indoor comfort in addition to your energy costs, but it could be a little intimidating at first. The good news is that when you pick a new energy-efficient furnace, you could be qualified 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 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 looking for furnace replacements, look for products with the ENERGY STAR rating so you can be confident you’re choosing a high-efficiency furnace.

At Farnell Mechanical, Inc., we’ll help you determine a solution that fits your needs and helps you qualify for this tax credit. While ENERGY STAR products signify high efficiency, it’s important to confirm the furnace you select 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.

Qualifying for the tax credit won’t be the only savings you’ll find when you get a new high-efficiency furnace. Many of the most efficient products can save you hundreds of dollars on your energy costs all year long. And you’ll also have higher confidence in your HVAC system to keep your house at just the right temp.

If you have questions concerning your eligibility for a tax credit, or if there are other local savings you might be eligible for by buying a new high-efficiency furnace, give our technicians at Farnell Mechanical, Inc. a call at 334-524-2458. You could also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.