For most families, there always seems to be a lengthy list of home improvement projects that they would like to do or new ideas they’d like to try. While a handful may not be necessary, furnace replacement is an example of a task that might be vital to keeping your home comfortable during the colder months in Saint Louis.

Purchasing a new furnace is a great investment. You’ll definitely recognize the return-on-investment on your indoor comfort as well as your energy costs, but it could be a bit daunting at first. The good news is that when you select 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 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 researching furnace replacements, look for heat pumps with the ENERGY STAR rating so you can be certain you’re picking a high-efficiency furnace.

At Morgner Inc. Air Conditioning & Heating, our team can help you select a solution that fits your needs and ensures you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, it’s important to clarify that the furnace you pick has an Annual Fuel Utilization Efficiency (AFUE) greater than 95, in order to qualify for the tax credit. AFUE represents 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 purchase a new high-efficiency furnace. Many of the most efficient models can save you hundreds of dollars on your energy bills throughout the year. And your household will also have higher confidence in your HVAC system to keep your house at just the right comfort level.

If you have questions about your eligibility for a tax credit, or if there are additional local savings you could 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 could also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.