For many families, there usually seems to be a lengthy list of home improvement projects that they would like to do or new ideas they’d like to give a shot. While several may not be necessary, furnace replacement is an example of a job that may be critical to keeping your home comfortable during the cooler months in Manassas.
Selecting a new furnace is a great investment. You’ll definitely recognize the return-on-investment on your indoor comfort along with your energy costs, but it might be a little overwhelming at first. The good news is that when you shop for a new energy-efficient furnace, you could be qualified 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 receive the tax credit, you must select 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 browsing for furnace replacements, keep an eye out for solutions with the ENERGY STAR rating so you can be sure you’re picking a high-efficiency furnace.
At Woody's Sudden Service Inc, our team can help you identify a solution that matches your needs and ensures you qualify for this tax credit. While ENERGY STAR products signify high efficiency, it’s important to clarify that 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 observe when you get a new high-efficiency furnace. Many of the most efficient models 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 help your home stay at just the right temperature.
If you think of questions regarding 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 experts at Woody's Sudden Service Inc a call at 703-278-2036. You could also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.