For most households, there always seems to be a large list of home improvement to-do’s 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 may be vital to keeping your home comfortable through the colder months in Wilmington.

Purchasing a new furnace is a big investment. You’ll absolutely recognize the return-on-investment on your indoor comfort as well as your utility costs, but it might be a tad daunting at first. The good news is that when you purchase 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 get the tax credit, you are required to purchase 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 researching furnace replacements, keep an eye out for solutions with the ENERGY STAR rating so you can be sure you’re picking a high-efficiency furnace.

At Brandywine Heating & Air, our team can help you find an option that matches your needs and ensures you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, you’ll need to clarify that the furnace you pick 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.

Taking advantage of this opportunity is not going to be the only savings you’ll find when you select a new high-efficiency furnace. Many of the most efficient products can save you hundreds of dollars on your energy bills throughout the year. And you’ll also have more confidence in your HVAC system to maintain your indoor space at just the right temp.

If you have questions about your eligibility for a tax credit, or if there are other local savings you may be eligible for by buying a new high-efficiency furnace, give our professionals at Brandywine Heating & Air a call at 302-261-3596. You could also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.