For many households, there always seems to be a long list of home improvement tasks that they would like to get done or new ideas they’d like to try. While some may not be required, furnace replacement is one task that could be vital to keeping your home comfortable throughout the cooler months in Magnolia.

Buying a new furnace is a sizeable investment. You’ll definitely see the return-on-investment on your indoor comfort along with your energy costs, but it could be a little daunting 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 extended 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 shopping for furnace replacements, watch for heat pumps with the ENERGY STAR rating so you can be certain you’re choosing a high-efficiency furnace.

At JTech Mechanical, our team can help you find an option that meets your needs and helps you qualify for this tax credit. While ENERGY STAR products signify 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 represents the percent of heat produced for every dollar of fuel consumed.

Taking advantage of this opportunity will not be the only savings you’ll find when you select a new high-efficiency furnace. Many of the most efficient furnaces can save you hundreds of dollars on your utility costs throughout the year. And your household will also have greater confidence in your HVAC system to maintain your indoor space at just the right temp.

If you think of questions regarding your eligibility for a tax credit, or if there are other local savings you might be eligible for by getting a new high-efficiency furnace, give our teams 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.