For most households, there typically seems to be a lengthy list of home improvement projects that they need to complete or new ideas they’d like to try. While several may not be necessary, furnace replacement is an example of a job that could be vital to keeping your home comfortable through the winter months in Saint Louis.

Getting a new furnace is a great investment. You’ll certainly realize the return-on-investment on your indoor comfort in addition to your energy bills, but it could be a bit daunting at first. The good news is that when you buy 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 must select 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 looking for furnace replacements, keep an eye out for heat pumps 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 select a product that meets your needs and makes sure you qualify for this tax credit. While ENERGY STAR products designate high efficiency, it’s important to check the furnace you pick 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.

This tax credit is not going to be the only savings you’ll observe when you select a new high-efficiency furnace. A lot of the most efficient solutions can save you hundreds of dollars on your energy costs during the year. And your household will also have higher confidence in your HVAC system to help your home stay at just the right temperature.

If you have questions regarding your eligibility for a tax credit, or if there are other local savings you might be eligible for by installing a new high-efficiency furnace, give our teams at Morgner Inc. Air Conditioning & Heating a call at 314-262-4541. You can also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.