For a lot of households, there usually seems to be a lengthy list of home improvement tasks that they would like to do or new ideas they’d like to try. While some may not be necessary, furnace replacement is one task that might be vital to keeping your home comfortable throughout the winter months in Lawrence.

Getting a new furnace is a large investment. You’ll certainly notice the return-on-investment on your indoor comfort as well as your utility costs, but it might be a little intimidating at first. The good news is that when you buy a new energy-efficient furnace, you could be eligible 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 get the tax credit, you are required to buy a furnace that has earned the ENERGY STAR label. However, it can’t be a furnace that is labeled ENERGY STAR for “U.S. South Only.” When shopping for furnace replacements, watch for heat pumps with the ENERGY STAR rating so you can be sure you’re choosing a high-efficiency furnace.

At Scott Temperature, we’ll help you select a product that matches your needs and makes sure you qualify for this tax credit. While ENERGY STAR products designate high efficiency, you will want 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 means the percent of heat produced for every dollar of fuel consumed.

Qualifying for the tax credit won’t be the only savings you’ll receive when you select a new high-efficiency furnace. A lot of the most efficient solutions 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 keep your house at just the right temp.

If you have questions regarding your eligibility for a tax credit, or if there are additional local savings you could be eligible for by getting a new high-efficiency furnace, give our technicians at Scott Temperature a call at 785-269-0465. You can also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.