For most families, there always seems to be a large list of home improvement projects that they need to get done or new ideas they’d like to try. While some may not be necessities, furnace replacement is an example of a job that may be vital to keeping your home comfortable through the colder months in Muskogee.

Purchasing a new furnace is a big investment. You’ll certainly recognize the return-on-investment on your indoor comfort along with your utility costs, but it could be a tad daunting at first. The good news is that when you buy 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 must select 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, keep an eye out for products with the ENERGY STAR rating so you can be certain you’re picking a high-efficiency furnace.

At Hix Air Conditioning Service, Inc., we’ll help you select a solution that meets your needs and makes sure you qualify for this tax credit. While ENERGY STAR products signify 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 indicates the percent of heat produced for every dollar of fuel consumed.

This tax credit will not be the only savings you’ll receive when you get a new high-efficiency furnace. A lot 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 comfort level.

If you think of questions regarding your eligibility for a tax credit, or if there are other local savings you may be eligible for by installing a new high-efficiency furnace, give our experts at Hix Air Conditioning Service, Inc. a call at 918-682-8238. You could also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.