For a lot of families, there usually seems to be a large list of home improvement to-do’s that they need to get done or new ideas they’d like to try. While a handful may not be necessary, furnace replacement is a task that could be key to keeping your home comfortable during the winter months in Swanton.

Buying 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 tad overwhelming at first. The good news is that when you pick 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 pushed through December 31, 2020. In order to obtain the tax credit, you have to select 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 products with the ENERGY STAR rating so you can be certain you’re choosing a high-efficiency furnace.

At Northwest Services, the experts will help you select a product that meets your needs and helps you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, you’ll need 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.

Qualifying for the tax credit is not going to be the only savings you’ll receive when you purchase a new high-efficiency furnace. A lot of the most efficient products can save you hundreds of dollars on your utility costs during the year. And you’ll also have higher confidence in your HVAC system to maintain your indoor space at just the right comfort level.

If you have questions regarding your eligibility for a tax credit, or if there are additional local savings you might be eligible for by buying a new high-efficiency furnace, give our professionals at Northwest Services a call at 419-548-5017. You could also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.