For many families, there typically seems to be a long list of home improvement projects that they want to do or new ideas they’d like to try. While several may not be necessities, furnace replacement is one job that could be critical to keeping your home comfortable during the colder months in Magnolia.

Getting a new furnace is a large investment. You’ll definitely see the return-on-investment on your indoor comfort as well as your energy costs, but it might be a little daunting 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 receive the tax credit, you must buy 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 browsing for furnace replacements, watch for heat pumps with the ENERGY STAR rating so you can be sure you’re choosing a high-efficiency furnace.

At JTech Mechanical, we’ll help you select an option that meets your needs and ensures you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, you’ll need to confirm the furnace you pick 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.

This tax credit won’t be the only savings you’ll observe when you select a new high-efficiency furnace. A lot of the most efficient products can save you hundreds of dollars on your energy bills all year long. And you’ll also have greater confidence in your HVAC system to maintain your indoor space at just the right comfort level.

If you have questions concerning 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 professionals at JTech Mechanical a call at 281-231-8768. You may also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.