For a lot of families, there usually seems to be a lengthy list of home improvement to-do’s that they want to get done or new ideas they’d like to give a shot. While some may not be required, furnace replacement is one job that could be key to keeping your home comfortable throughout the winter months in Elk River.

Purchasing a new furnace is a big investment. You’ll certainly recognize the return-on-investment on your indoor comfort as well as your energy costs, but it might be a little daunting at first. The good news is that when you shop for a new energy-efficient furnace, you might be approved 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 have to 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 certain you’re selecting a high-efficiency furnace.

At Home Comfort Heating & Air, the experts will help you identify a solution that matches your needs and helps you qualify for this tax credit. While ENERGY STAR products designate high efficiency, you’ll need 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 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 receive when you purchase a new high-efficiency furnace. Some of the most efficient models can save you hundreds of dollars on your energy costs during the year. And your household will also have higher confidence in your HVAC system to help your home stay at just the right comfort level.

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