Biden administration to target gas furnaces in crackdown.

The Biden administration is expected to finalize regulations restricting which home gas-powered furnaces consumers are able to purchase in the future, which would restrict consumer choice, drive prices higher, and likely have a low impact on greenhouse gas emissions. The regulations would require furnaces to achieve an annual fuel utilization efficiency (AFUE) of 95% by 2029, meaning manufacturers would only be allowed to sell furnaces that convert at least 95% of fuel into heat within six years. The regulations would largely take non-condensing gas furnaces off the market, which are generally less efficient but cheaper, and consumers who replace their non-condensing furnace with a condensing furnace after the rule is implemented face hefty installation costs.