For most families, there usually seems to be a long list of home improvement to-do’s that they would like to do or new ideas they’d like to attempt. While a handful may not be necessities, furnace replacement is a project that could be critical to keeping your home comfortable during the colder months in Moline.

Buying a new furnace is a sizeable investment. You’ll absolutely feel the return-on-investment on your indoor comfort along with your energy bills, but it may be a tad overwhelming at first. The good news is that when you purchase a new energy-efficient furnace, you may 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. It cannot be a furnace that is labeled ENERGY STAR for “U.S. South Only.” When browsing for furnace replacements, look for heat pumps with the ENERGY STAR rating so you can be confident you’re choosing a high-efficiency furnace.

At Freed Heating & Air Conditioning, the experts will help you identify 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 clarify that 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 is not going to be the only savings you’ll observe when you buy a new high-efficiency furnace. Many of the most efficient furnaces can save you hundreds of dollars on your energy costs during the year. And your family will also have higher confidence in your HVAC system to help your home stay at just the right temp.

If you have questions about your eligibility for a tax credit, or if there are additional local savings you could be eligible for by installing a new high-efficiency furnace, give our technicians at Freed Heating & Air Conditioning a call at 309-323-9584. You could also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.