For most homeowners, there always seems to be a lengthy list of home improvement projects that they need to do or new ideas they’d like to attempt. While some may not be necessities, furnace replacement is a job that might be vital to keeping your home comfortable during the cooler months in Lansing.

Buying a new furnace is a large investment. You’ll certainly see the return-on-investment on your indoor comfort along with your utility costs, but it may be a bit daunting at first. The good news is that when you select a new energy-efficient furnace, you might be eligible for a federal tax credit.

According to ENERGY STAR®, the Non-Business Energy Property Tax Credits were pushed through December 31, 2020. In order to get the tax credit, you must 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, keep an eye out for heat pumps with the ENERGY STAR rating so you can be sure you’re choosing a high-efficiency furnace.

At Everest Heating & Cooling, our team can help you determine a product that meets your needs and helps you qualify for this tax credit. While ENERGY STAR products designate 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.

Taking advantage of this opportunity won’t be the only savings you’ll receive when you buy a new high-efficiency furnace. A lot of the most efficient models can save you hundreds of dollars on your utility costs throughout the year. And your family will also have more confidence in your HVAC system to help your home stay at just the right temp.

If you think of questions regarding your eligibility for a tax credit, or if there are further local savings you might be eligible for by installing a new high-efficiency furnace, give our teams at Everest Heating & Cooling a call at 913-845-9463. You can also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.