For most homeowners, there typically seems to be a large list of home improvement to-do’s that they need to complete or new ideas they’d like to attempt. While some may not be required, furnace replacement is an example of a task that could be critical to keeping your home comfortable throughout the cooler months in Port Clinton.

Selecting a new furnace is a big investment. You’ll certainly see the return-on-investment on your indoor comfort along with your utility costs, but it could be a tad intimidating at first. The good news is that when you pick a new energy-efficient furnace, you may be approved 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 receive the tax credit, you must purchase 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, look for products with the ENERGY STAR rating so you can be confident you’re choosing a high-efficiency furnace.

At Ohler & Holzhauer Inc., our team can help you identify a product that meets your needs and helps you qualify for this tax credit. While ENERGY STAR products designate high efficiency, you will want to confirm the furnace you choose 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 observe when you select a new high-efficiency furnace. Many of the most efficient solutions can save you hundreds of dollars on your utility costs throughout the year. And you’ll also have more confidence in your HVAC system to help your home stay at just the right comfort level.

If you think of questions concerning your eligibility for a tax credit, or if there are further local savings you could be eligible for by getting a new high-efficiency furnace, give our professionals at Ohler & Holzhauer Inc. a call at 419-465-8722. You could also visit ENERGY STAR or contact your local utility company if you have questions about other eligible home products.