For most households, there usually seems to be a long list of home improvement to-do’s that they would like to do or new ideas they’d like to attempt. While some may not be necessary, furnace replacement is an example of a project that may be vital to keeping your home comfortable throughout the cooler months in Saint Louis.

Selecting a new furnace is a large investment. You’ll absolutely recognize the return-on-investment on your indoor comfort in addition to your energy bills, but it may be a little overwhelming at first. The good news is that when you shop for a new energy-efficient furnace, you might 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 browsing for furnace replacements, look for solutions with the ENERGY STAR rating so you can be confident you’re selecting a high-efficiency furnace.

At Morgner Inc. Air Conditioning & Heating, our team can help you find an option that fits your needs and makes sure you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, it’s important to check the furnace you choose 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 won’t be the only savings you’ll receive when you buy a new high-efficiency furnace. Many of the most efficient solutions can save you hundreds of dollars on your energy bills all year long. And you’ll also have more confidence in your HVAC system to keep your house at just the right comfort level.

If you come across questions about your eligibility for a tax credit, or if there are further local savings you may be eligible for by getting a new high-efficiency furnace, give our professionals at Morgner Inc. Air Conditioning & Heating a call at 314-262-4541. You could also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.