For a lot of homeowners, there always seems to be a lengthy list of home improvement projects that they would like to complete or new ideas they’d like to try. While several may not be required, furnace replacement is a task that might be critical to keeping your home comfortable through the cooler months in Huntingburg.

Selecting a new furnace is a large investment. You’ll definitely notice the return-on-investment on your indoor comfort in addition to your energy bills, but it may 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 prolonged through December 31, 2020. In order to receive the tax credit, you have to select a furnace that has earned the ENERGY STAR label. Keep in mind it can’t be a furnace that is labeled ENERGY STAR for “U.S. South Only.” When browsing for furnace replacements, keep an eye out for solutions with the ENERGY STAR rating so you can be sure you’re choosing a high-efficiency furnace.

At Dearing's Service & Solutions, our team can help you identify an option that fits your needs and ensures you qualify for this tax credit. While ENERGY STAR products designate high efficiency, it’s important to check 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.

This tax credit is not going to be the only savings you’ll find when you purchase a new high-efficiency furnace. A lot of the most efficient models can save you hundreds of dollars on your energy bills throughout the year. And you’ll also have greater confidence in your HVAC system to help your home stay at just the right temperature.

If you have questions concerning your eligibility for a tax credit, or if there are further local savings you might be eligible for by purchasing a new high-efficiency furnace, give our professionals at Dearing's Service & Solutions a call at 812-200-5844. You could also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.