For many households, there always seems to be a lengthy list of home improvement tasks that they would like to get done or new ideas they’d like to give a shot. While a handful may not be necessities, furnace replacement is one task that may be critical to keeping your home comfortable during the winter months in Milwaukee.

Buying a new furnace is a big investment. You’ll definitely notice the return-on-investment on your indoor comfort along with your energy bills, but it could be a tad daunting at first. The good news is that when you buy a new energy-efficient furnace, you could be eligible 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 obtain the tax credit, you must purchase a furnace that has earned the ENERGY STAR label. However, it can’t be a furnace that is labeled ENERGY STAR for “U.S. South Only.” When shopping for furnace replacements, look for heat pumps with the ENERGY STAR rating so you can be sure you’re choosing a high-efficiency furnace.

At Done Right Air, our team can help you identify a product that matches your needs and helps you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, you will want to check 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.

Qualifying for the tax credit will not be the only savings you’ll receive when you purchase a new high-efficiency furnace. Many of the most efficient products can save you hundreds of dollars on your energy costs throughout the year. And your household will also have more confidence in your HVAC system to keep your house at just the right temperature.

If you have questions about your eligibility for a tax credit, or if there are additional local savings you could be eligible for by buying a new high-efficiency furnace, give our experts at Done Right Air a call at 414-207-4034. You could also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.