For most families, there always seems to be a large list of home improvement tasks that they need to get done or new ideas they’d like to try. While a handful may not be required, furnace replacement is an example of a task that could be vital to keeping your home comfortable throughout the colder months in Florissant.

Purchasing a new furnace is a large investment. You’ll absolutely see the return-on-investment on your indoor comfort as well as your energy bills, but it could be a little overwhelming at first. The good news is that when you shop for 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 must select 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 looking for furnace replacements, look for products with the ENERGY STAR rating so you can be certain you’re choosing a high-efficiency furnace.

At B & B Heating & Cooling, our team can 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’ll need to check the furnace you select 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 won’t be the only savings you’ll receive when you buy a new high-efficiency furnace. Many of the most efficient solutions can save you hundreds of dollars on your energy costs all year long. And your family will also have higher confidence in your HVAC system to maintain your indoor space at just the right temp.

If you have questions concerning your eligibility for a tax credit, or if there are further local savings you may be eligible for by getting a new high-efficiency furnace, give our technicians at B & B Heating & Cooling a call at 314-325-7552. You can also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.