How Much Can I Save Upgrading My Furnace?
With colder weather and winter on its way, many homeowners here in Oregon, Washington, and Montana and throughout the country start to think about the efficiency of their heating systems.
One of the most pressing questions is, “How much can I save by upgrading my furnace?”
With rising energy costs and a movement towards more eco-friendly appliances, upgrading to a high-efficiency furnace is not just a matter of comfort but also a financial benefit.
Upgrading your furnace could be just what your home needs! Browse our Bryant Northwest dealer directory to find a Bryant Factory Authorized Dealer who can answer all of your questions and help select the right model for your home.
Understanding Furnace Efficiency
The efficiency of a furnace is measured by the annual fuel utilization efficiency (AFUE) rating, which indicates the percentage of fuel converted into heat. Older, traditional furnaces often have an AFUE rating of about 60 percent—meaning that 40 percent of the energy is wasted.
In contrast, modern high-efficiency furnaces can achieve AFUE ratings of 90 percent or higher. According to ENERGY STAR®, upgrading to an ENERGY STAR certified gas furnace can reduce your heating expenses by up to 15 percent compared to standard models.
Start enjoying lower heating bills by investing in a new furnace today!
Calculating Potential Savings
To give you a clearer picture of potential savings, Bryant Northwest offers an easy-to-use AFUE energy savings calculator.
By entering the AFUE value of your current unit and comparing it to a new, more efficient system, you can see how much you could lower your utility bills. This tool offers a tangible way to understand the benefits of upgrading your furnace.
What Tax Credits and Local Incentives Are Available?
Beyond the immediate energy savings, upgrading your furnace can also be financially advantageous through various incentives. The Inflation Reduction Act (IRA) provides a tax credit of up to $600 on qualifying furnaces.
Additionally, many local governments and utility providers offer rebates and incentives for upgrading to high-efficiency heating and cooling equipment. These financial incentives can significantly offset the initial investment in a new system.
Additional Benefits of a High-Efficiency Furnace
In addition to cost savings, high-efficiency furnaces offer several other benefits:
- Enhanced Comfort: They provide more consistent heat distribution, reducing hot and cold spots in your home.
- Reduced Carbon Footprint: Higher efficiency means less energy consumption and, consequently, lower greenhouse gas emissions.
- Improved Indoor Air Quality: Newer models often come with better filtration systems, reducing the presence of dust and allergens.
Upgrading your furnace is a decision that offers both immediate and long-term benefits. With the potential to significantly reduce your heating expenses, coupled with available tax credits and rebates, it is an investment that pays off in more ways than one.