For most households, there always seems to be a large list of home improvement tasks that they would like to do or new ideas they’d like to attempt. While a handful may not be necessities, furnace replacement is one job that could be key to keeping your home comfortable through the colder months in Elk River.

Selecting a new furnace is a big investment. You’ll absolutely realize the return-on-investment on your indoor comfort in addition to your utility 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 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 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 shopping 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 Home Comfort Heating & Air, our team can help you determine a solution that matches your needs and helps you qualify for this tax credit. While ENERGY STAR products designate 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 means the percent of heat produced for every dollar of fuel consumed.

This tax credit will not be the only savings you’ll observe when you purchase a new high-efficiency furnace. A lot of the most efficient models can save you hundreds of dollars on your energy costs all year long. And your family will also have higher confidence in your HVAC system to maintain your indoor space at just the right temp.

If you come across questions concerning your eligibility for a tax credit, or if there are other local savings you could be eligible for by getting a new high-efficiency furnace, give our technicians at Home Comfort Heating & Air a call at 763-276-0617. You can also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.