
For a lot of homeowners, there typically seems to be a large list of home improvement tasks that they want to get done or new ideas they’d like to attempt. While a handful may not be necessities, furnace replacement is one task that could be critical to keeping your home comfortable during the winter months in Hudsonville.
Selecting a new furnace is a great investment. You’ll definitely recognize the return-on-investment on your indoor comfort as well as your energy bills, but it could be a tad overwhelming 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 extended through December 31, 2020. In order to get the tax credit, you have to 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, look for solutions with the ENERGY STAR rating so you can be sure you’re choosing a high-efficiency furnace.
At West Michigan Heating & Air Conditioning Services, our team can help you identify an option that meets your needs and helps you qualify for this tax credit. While ENERGY STAR products designate high efficiency, you’ll need to confirm the furnace you select has an Annual Fuel Utilization Efficiency (AFUE) greater than 95, in order to qualify for the tax credit. AFUE indicates the percent of heat produced for every dollar of fuel consumed.
Taking advantage of this opportunity will not be the only savings you’ll receive when you get a new high-efficiency furnace. Some of the most efficient furnaces can save you hundreds of dollars on your energy bills all year long. And you’ll also have higher confidence in your HVAC system to keep your house at just the right comfort level.
If you come across questions about your eligibility for a tax credit, or if there are further local savings you may be eligible for by getting a new high-efficiency furnace, give our teams at West Michigan Heating & Air Conditioning Services a call at (616) 319-1436. You may also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.