As a part of the Inflation Reduction Act of 2022, replacing your furnace with a new heat pump can qualify you for rebates and tax credits that significantly reduce your costs. But even if you're looking for other types of heating and cooling for your home, when you need a new furnace, it's important to know your options. Here are some things you should consider before buying a new system:
The Inflation Reduction Act provides rebates and credits for the newest, most efficient heat pumps. Heat pumps are measured by the Seasonal Energy Efficiency Rating, or SEER. The higher the number, the more efficient the system. Of course, a heat pump may not be the best solution for your home based on the climate in your region, so look into the most energy-efficient systems available.
Install a programmable thermostat
A programmable thermostat can help you save energy at home. Because the furnace won't run when you're not home, it can keep costs down. A smart thermostat can be accessed from your phone to control it anytime and from anywhere.
Get the correct size for your home
Of course, efficiency isn't the only measure of the right furnace system. You want to install the right furnace for your home's size. Different furnaces, such as heat pumps or natural gas furnaces, will have different requirements for how much space they can heat efficiently.
Plan for inspections
When you have your new furnace installed, the installers will set up a time for a municipal inspector to come and sign off on it. This is much like the experience you have when you get any construction or home improvement done. The process doesn't take much time; be prepared to let the inspector in and show him or her the furnace system.
Research the warranty
Knowing the length and conditions of the warranty included with your furnace is also a good idea. This way, you can determine what happens if the system needs to be repaired or when you may want to consider replacing it. Most furnace warranties are inclusive, so research what is covered.
The guidelines for what can be appropriate for your house, as well as the tax breaks you're entitled to, can be complicated. Speak with a qualified HVAC expert and a tax adviser for all the details. Meanwhile, if you need more information about buying or selling your home, contact us today.