For many homeowners, there usually seems to be a long list of home improvement to-do’s that they need to get done or new ideas they’d like to try. While several may not be necessary, furnace replacement is an example of a job that may be key to keeping your home comfortable throughout the winter months in Newark.

Buying a new furnace is a large investment. You’ll absolutely feel the return-on-investment on your indoor comfort along with your energy bills, but it might be a little intimidating 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 extended 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 browsing for furnace replacements, keep an eye out for products with the ENERGY STAR rating so you can be confident you’re picking a high-efficiency furnace.

At Luikart 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 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.

Qualifying for the tax credit is not going to be the only savings you’ll observe when you select a new high-efficiency furnace. Many of the most efficient products can save you hundreds of dollars on your energy bills throughout the year. And your household will also have more confidence in your HVAC system to maintain your indoor space 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 could be eligible for by installing a new high-efficiency furnace, give our teams at Luikart Heating & Cooling a call at 740-200-5591. You can also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.