For many homeowners, there usually seems to be a large list of home improvement tasks that they would like to get done or new ideas they’d like to try. While a handful may not be necessities, furnace replacement is one task that may be key to keeping your home comfortable throughout the cooler months in Newark.

Selecting a new furnace is a great investment. You’ll absolutely recognize the return-on-investment on your indoor comfort along with your energy costs, but it may be a little overwhelming at first. The good news is that when you shop for 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 prolonged through December 31, 2020. In order to obtain the tax credit, you must buy 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, watch for products with the ENERGY STAR rating so you can be certain you’re selecting a high-efficiency furnace.

At Luikart Heating & Cooling, we’ll help you choose a product that matches your needs and makes sure you qualify for this tax credit. While ENERGY STAR products signify high efficiency, you will want 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 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. Some of the most efficient furnaces 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 maintain your indoor space at just the right comfort level.

If you come across questions about your eligibility for a tax credit, or if there are additional local savings you might be eligible for by buying a new high-efficiency furnace, give our professionals at Luikart Heating & Cooling a call at 740-344-5497. You can also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.