For most families, there always seems to be a lengthy list of home improvement tasks that they want to complete or new ideas they’d like to give a shot. While a handful may not be necessities, furnace replacement is a job that may be key to keeping your home comfortable during the cooler months in Santa Clarita.

Getting a new furnace is a large investment. You’ll certainly notice the return-on-investment on your indoor comfort along with your utility costs, but it may be a bit daunting at first. The good news is that when you shop for a new energy-efficient furnace, you may be eligible 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 have to buy 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 certain you’re picking a high-efficiency furnace.

At Verona HVAC, our team can help you determine a product that matches 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 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.

Qualifying for the tax credit will not be the only savings you’ll find when you get a new high-efficiency furnace. Many of the most efficient solutions can save you hundreds of dollars on your energy bills throughout the year. And your household will also have more confidence in your HVAC system to help your home stay at just the right temp.

If you think of questions regarding your eligibility for a tax credit, or if there are further local savings you could be eligible for by buying a new high-efficiency furnace, give our experts at Verona HVAC a call at 818-306-3387. You can also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.