For many homeowners, there usually seems to be a long list of home improvement to-do’s that they need to complete or new ideas they’d like to give a shot. While several may not be necessary, furnace replacement is an example of a job that could be vital to keeping your home comfortable during the winter months in Los Angeles.
Buying a new furnace is a sizeable investment. You’ll certainly recognize the return-on-investment on your indoor comfort as well as your energy costs, but it may be a little daunting at first. The good news is that when you purchase 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 receive the tax credit, you are required to purchase 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, watch for products with the ENERGY STAR rating so you can be confident you’re selecting a high-efficiency furnace.
At AZ Air Conditioning and Heating, our team can help you select a solution that matches your needs and helps you qualify for this tax credit. While ENERGY STAR products signify high efficiency, it’s important 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 indicates the percent of heat produced for every dollar of fuel consumed.
Qualifying for the tax credit won’t be the only savings you’ll observe when you purchase a new high-efficiency furnace. Some of the most efficient solutions can save you hundreds of dollars on your utility 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 think of questions regarding your eligibility for a tax credit, or if there are further local savings you could be eligible for by getting a new high-efficiency furnace, give our teams at AZ Air Conditioning and Heating a call at 800-296-5088. You can also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.