For a lot of homeowners, there typically seems to be a long list of home improvement to-do’s that they would like to complete or new ideas they’d like to attempt. While several may not be necessities, furnace replacement is a job that may be critical to keeping your home comfortable through the cooler months in Cottonwood & Prescott.

Purchasing a new furnace is a large investment. You’ll certainly recognize the return-on-investment on your indoor comfort along with your energy bills, but it might be a bit intimidating at first. The good news is that when you shop for a new energy-efficient furnace, you could be qualified 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 are required to buy 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 researching furnace replacements, look for heat pumps with the ENERGY STAR rating so you can be sure you’re selecting a high-efficiency furnace.

At Connolly Electric & Mechanical, the experts will help you identify a product that meets your needs and makes sure you qualify for this tax credit. While ENERGY STAR products signify high efficiency, it’s important to clarify that 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 is not going to be the only savings you’ll observe when you get a new high-efficiency furnace. Some of the most efficient solutions can save you hundreds of dollars on your energy bills throughout the year. And your household will also have greater confidence in your HVAC system to help your home stay at just the right comfort level.

If you have questions about your eligibility for a tax credit, or if there are other local savings you might be eligible for by purchasing a new high-efficiency furnace, give our experts at Connolly Electric & Mechanical a call at 928-251-4327. You can also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.