For many households, there always seems to be a large list of home improvement tasks that they would like to complete or new ideas they’d like to try. While some may not be necessary, furnace replacement is one job that might be critical to keeping your home comfortable during the winter months in Holbrook.

Getting a new furnace is a large investment. You’ll definitely feel the return-on-investment on your indoor comfort along with your utility costs, but it could be a bit intimidating at first. The good news is that when you buy a new energy-efficient furnace, you might 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 get the tax credit, you are required to purchase 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 researching furnace replacements, look for products with the ENERGY STAR rating so you can be confident you’re selecting a high-efficiency furnace.

At Fal-Ken Heating & Cooling Corporation, the experts will help you select a solution that matches your needs and makes sure you qualify for this tax credit. While ENERGY STAR products signify high efficiency, it’s important to confirm 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.

Qualifying for the tax credit won’t 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 more confidence in your HVAC system to keep your house at just the right temp.

If you think of questions concerning your eligibility for a tax credit, or if there are further local savings you might be eligible for by buying a new high-efficiency furnace, give our technicians at Fal-Ken Heating & Cooling Corporation a call at 631-460-5159. You could also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.