For many households, there usually seems to be a long list of home improvement to-do’s that they need to get done or new ideas they’d like to give a shot. While a handful may not be required, furnace replacement is a task that might be critical to keeping your home comfortable throughout the winter months in Albuquerque.

Selecting a new furnace is a great investment. You’ll absolutely feel the return-on-investment on your indoor comfort in addition to your utility costs, but it could be a tad overwhelming at first. The good news is that when you select a new energy-efficient furnace, you might be eligible for a federal tax credit.

According to ENERGY STAR®, the Non-Business Energy Property Tax Credits were extended 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. Keep in mind it can’t be a furnace that is labeled ENERGY STAR for “U.S. South Only.” When browsing for furnace replacements, keep an eye out for heat pumps with the ENERGY STAR rating so you can be confident you’re choosing a high-efficiency furnace.

At Tru Air Systems LLC, our team can help you choose a solution that meets your needs and helps you qualify for this tax credit. While ENERGY STAR products designate high efficiency, you will want 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 indicates the percent of heat produced for every dollar of fuel consumed.

Taking advantage of this opportunity won’t be the only savings you’ll receive when you get a new high-efficiency furnace. Some of the most efficient furnaces can save you hundreds of dollars on your energy bills during the year. And your household will also have greater confidence in your HVAC system to help your home stay at just the right temperature.

If you have questions about your eligibility for a tax credit, or if there are additional local savings you might be eligible for by buying a new high-efficiency furnace, give our teams at Tru Air Systems LLC a call at 505-226-3525. You could also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.