For many families, there always seems to be a long list of home improvement projects that they want to complete or new ideas they’d like to give a shot. While some may not be necessary, furnace replacement is one job that could be key to keeping your home comfortable during the winter months in Lake Worth.

Buying a new furnace is a big investment. You’ll absolutely notice the return-on-investment on your indoor comfort along with your energy bills, but it may be a bit daunting at first. The good news is that when you purchase a new energy-efficient furnace, you may be qualified 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 get the tax credit, you have to select 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 shopping for furnace replacements, watch for solutions with the ENERGY STAR rating so you can be sure you’re picking a high-efficiency furnace.

At Smyth Air Conditioning, we’ll help you identify an option that fits your needs and makes sure you qualify for this tax credit. While ENERGY STAR products designate high efficiency, you’ll need to confirm the furnace you select 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.

Taking advantage of this opportunity will not be the only savings you’ll receive when you get a new high-efficiency furnace. A lot of the most efficient models can save you hundreds of dollars on your energy costs during the year. And your family will also have more confidence in your HVAC system to keep your house at just the right temp.

If you think of questions concerning your eligibility for a tax credit, or if there are other local savings you might be eligible for by buying a new high-efficiency furnace, give our teams at Smyth Air Conditioning a call at 561-533-6066. You could also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.