For many homeowners, there always seems to be a long list of home improvement tasks that they would like to do or new ideas they’d like to give a shot. While a handful may not be required, furnace replacement is an example of a project that may be critical to keeping your home comfortable through the winter months in Excelsior Springs.

Getting a new furnace is a great investment. You’ll absolutely feel the return-on-investment on your indoor comfort as well as your energy bills, but it may be a bit overwhelming at first. The good news is that when you buy a new energy-efficient furnace, you could 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 receive the tax credit, you are required to purchase 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, look for products with the ENERGY STAR rating so you can be sure you’re selecting a high-efficiency furnace.

At Colvin's Heating and Cooling, our team can help you determine a solution that fits your needs and helps you qualify for this tax credit. While ENERGY STAR products signify high efficiency, you’ll need to confirm the furnace you pick 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.

This tax credit will not be the only savings you’ll find when you select a new high-efficiency furnace. A lot of the most efficient solutions can save you hundreds of dollars on your energy costs throughout the year. And your family will also have more confidence in your HVAC system to help your home stay 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 installing a new high-efficiency furnace, give our technicians at Colvin's Heating and Cooling a call at 816-379-3918. You could also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.