For most households, there usually seems to be a large list of home improvement projects that they would like to do or new ideas they’d like to give a shot. While several may not be necessities, furnace replacement is an example of a project that may be critical to keeping your home comfortable throughout the winter months in Des Moines.
Purchasing a new furnace is a great investment. You’ll absolutely feel the return-on-investment on your indoor comfort along with your energy costs, but it may be a little intimidating at first. The good news is that when you select a new energy-efficient furnace, you may be eligible 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 get the tax credit, you must select a furnace that has earned the ENERGY STAR label. It cannot be a furnace that is labeled ENERGY STAR for “U.S. South Only.” When researching furnace replacements, look for solutions with the ENERGY STAR rating so you can be confident you’re picking a high-efficiency furnace.
At Kohles & Bach Heating & Cooling, our team can help you find a solution that meets 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 choose 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.
Qualifying for the tax credit will not be the only savings you’ll receive when you purchase a new high-efficiency furnace. A lot of the most efficient solutions can save you hundreds of dollars on your energy costs throughout the year. And your family will also have greater confidence in your HVAC system to help your home stay at just the right comfort level.
If you think of questions regarding your eligibility for a tax credit, or if there are other local savings you may be eligible for by installing a new high-efficiency furnace, give our experts at Kohles & Bach Heating & Cooling a call at 515-207-6569. You can also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.