For many homeowners, there always seems to be a lengthy list of home improvement to-do’s that they want to do or new ideas they’d like to give a shot. While some may not be necessary, furnace replacement is one job that could be vital to keeping your home comfortable through the winter months in Los Angeles.
Selecting a new furnace is a great investment. You’ll certainly feel the return-on-investment on your indoor comfort as well as your energy bills, but it may be a bit intimidating at first. The good news is that when you shop for a new energy-efficient furnace, you could be approved for a federal tax credit.
According to ENERGY STAR®, the Non-Business Energy Property Tax Credits were prolonged through December 31, 2020. In order to receive the tax credit, you must buy 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, keep an eye out for heat pumps with the ENERGY STAR rating so you can be confident you’re choosing a high-efficiency furnace.
At AZ Air Conditioning and Heating, we’ll help you choose a solution that matches your needs and makes sure 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 means the percent of heat produced for every dollar of fuel consumed.
This tax credit won’t be the only savings you’ll find when you get a new high-efficiency furnace. Some of the most efficient models can save you hundreds of dollars on your energy bills during the year. And you’ll also have more confidence in your HVAC system to keep your house at just the right comfort level.
If you come across questions about your eligibility for a tax credit, or if there are further local savings you may be eligible for by installing a new high-efficiency furnace, give our professionals at AZ Air Conditioning and Heating a call at 800-296-5088. You can also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.