
For most families, there usually seems to be a lengthy list of home improvement tasks that they want to get done or new ideas they’d like to try. While a handful may not be required, furnace replacement is one task that might be key to keeping your home comfortable during the cooler months in Des Moines.
Buying a new furnace is a great investment. You’ll definitely feel the return-on-investment on your indoor comfort as well as your energy bills, but it may be a tad overwhelming at first. The good news is that when you pick 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 prolonged through December 31, 2020. In order to obtain the tax credit, you are required to purchase 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 heat pumps with the ENERGY STAR rating so you can be certain you’re choosing a high-efficiency furnace.
At Kohles & Bach Heating & Cooling, the experts will help you choose an option that meets your needs and makes sure you qualify for this tax credit. While ENERGY STAR products indicate 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 represents the percent of heat produced for every dollar of fuel consumed.
Qualifying for the tax credit will not 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 costs during the year. And your family will also have greater confidence in your HVAC system to maintain your indoor space at just the right comfort level.
If you come across questions regarding your eligibility for a tax credit, or if there are further local savings you could 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 could also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.