For most families, there always seems to be a long list of home improvement to-do’s that they would like to do or new ideas they’d like to give a shot. While several may not be required, furnace replacement is one project that may be key to keeping your home comfortable throughout the colder months in Crown Point.

Purchasing a new furnace is a big investment. You’ll certainly feel the return-on-investment on your indoor comfort in addition to your energy bills, but it may be a little intimidating at first. The good news is that when you select 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 pushed through December 31, 2020. In order to obtain the tax credit, you have 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 shopping for furnace replacements, look for heat pumps with the ENERGY STAR rating so you can be certain you’re selecting a high-efficiency furnace.

At Struven Heating & Cooling, the experts will help you select a product that meets your needs and ensures you qualify for this tax credit. While ENERGY STAR products designate high efficiency, it’s important to clarify that 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.

This tax credit won’t be the only savings you’ll receive when you purchase a new high-efficiency furnace. A lot of the most efficient models can save you hundreds of dollars on your utility costs all year long. And your family will also have higher confidence in your HVAC system to help your home stay at just the right temp.

If you think of questions about your eligibility for a tax credit, or if there are additional local savings you may be eligible for by purchasing a new high-efficiency furnace, give our professionals at Struven Heating & Cooling a call at 219-292-0956. You may also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.