For a lot of families, there typically seems to be a long list of home improvement projects that they need to complete or new ideas they’d like to try. While several may not be necessities, furnace replacement is one task that might be vital to keeping your home comfortable during the winter months in Columbia.

Selecting a new furnace is a big investment. You’ll definitely notice the return-on-investment on your indoor comfort as well as your energy bills, but it may be a little overwhelming at first. The good news is that when you shop for a new energy-efficient furnace, you could be eligible 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 must select a furnace that has earned the ENERGY STAR label. However, 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 heat pumps with the ENERGY STAR rating so you can be confident you’re selecting a high-efficiency furnace.

At Watts Electric & AC, the experts will help you determine a product that fits your needs and makes sure you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, it’s important to check the furnace you pick has an Annual Fuel Utilization Efficiency (AFUE) greater than 95, in order to qualify for the tax credit. AFUE means 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 receive when you get a new high-efficiency furnace. A lot of the most efficient solutions can save you hundreds of dollars on your utility costs all year long. And your family will also have more confidence in your HVAC system to help your home stay at just the right temperature.

If you come across questions about your eligibility for a tax credit, or if there are additional local savings you could be eligible for by buying a new high-efficiency furnace, give our teams at Watts Electric & AC a call at 601-736-7362. You could also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.