For many families, there always seems to be a lengthy list of home improvement to-do’s that they would like to complete or new ideas they’d like to attempt. While several may not be required, furnace replacement is a job that may be critical to keeping your home comfortable throughout the winter months in Derby.

Getting a new furnace is a large investment. You’ll absolutely feel the return-on-investment on your indoor comfort in addition to your utility costs, but it may be a tad 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 prolonged through December 31, 2020. In order to obtain the tax credit, you must buy 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 looking for furnace replacements, look for solutions with the ENERGY STAR rating so you can be certain you’re selecting a high-efficiency furnace.

At Giordanos Heating and Air Conditioning, we’ll help you select 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 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 indicates the percent of heat produced for every dollar of fuel consumed.

Qualifying for the tax credit will not be the only savings you’ll find when you get a new high-efficiency furnace. A lot of the most efficient furnaces can save you hundreds of dollars on your energy bills all year long. And your household will also have greater confidence in your HVAC system to keep your house at just the right comfort level.

If you come across questions regarding your eligibility for a tax credit, or if there are other local savings you could be eligible for by buying a new high-efficiency furnace, give our experts at Giordanos Heating and Air Conditioning a call at 203-772-8319. You could also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.