For most households, there usually seems to be a long list of home improvement tasks that they want to do or new ideas they’d like to give a shot. While some may not be necessary, furnace replacement is a task that could be key to keeping your home comfortable throughout the winter months in Monroe.

Buying a new furnace is a large investment. You’ll absolutely recognize the return-on-investment on your indoor comfort as well as your utility costs, but it could be a little intimidating at first. The good news is that when you buy a new energy-efficient furnace, you could be approved 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 are required to purchase 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, look for solutions with the ENERGY STAR rating so you can be certain you’re selecting a high-efficiency furnace.

At Lanz Furnace and Fireplace, our team can help you determine a product that fits your needs and helps you qualify for this tax credit. While ENERGY STAR products designate high efficiency, you will want to check 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.

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

If you come across questions about your eligibility for a tax credit, or if there are further local savings you might be eligible for by purchasing a new high-efficiency furnace, give our teams at Lanz Furnace and Fireplace a call at 608-291-3606. You could also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.