For a lot of households, there always seems to be a long list of home improvement projects that they need to do or new ideas they’d like to give a shot. While some may not be required, furnace replacement is one job that could be vital to keeping your home comfortable throughout the colder months in Columbia.

Buying a new furnace is a sizeable investment. You’ll certainly see the return-on-investment on your indoor comfort as well as your energy bills, but it could be a little daunting 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 receive the tax credit, you must 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 researching furnace replacements, keep an eye out for solutions with the ENERGY STAR rating so you can be confident you’re selecting a high-efficiency furnace.

At Watts Electric & AC, we’ll help you find an option that matches your needs and makes sure you qualify for this tax credit. While ENERGY STAR products signify high efficiency, you will want 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.

Taking advantage of this opportunity will not be the only savings you’ll observe when you buy 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 household will also have greater confidence in your HVAC system to maintain your indoor space at just the right comfort level.

If you think of questions about your eligibility for a tax credit, or if there are other local savings you might be eligible for by installing a new high-efficiency furnace, give our experts 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.