Tuesday, November 23, 2010

It's Rebate Time!

If you are in the market for a high efficiency natural gas furnace, indirect water heater, boiler or duct sealing, please read on. NYSEG and other utility companies are offering a rebate on these items. For example, if you were to purchase a 94% efficient natural gas furnace, you could be eligible to receive a $340 check in the mail. Not too shabby! Plus, add that with the Federal 30% tax credit (see last weeks post) and you can get a nice chunk of money back. As an added bonus, they even give you $15 each for up to two programmable thermostats installed at the same time as the heating system.

It's important to note that even though you can take advantage of both this rebate and the Federal tax credit, you cannot use this rebate with other NYSERDA programs such as Assisted Home Performance with ENERGY STAR. If you are eligible for both, you would have to crunch some numbers and choose between the two (usually if you need more than just a heating system, Assisted Home Performance is the better choice).

Eligibility Requirements:

*Items must meet efficiency standards.
*You must be a residential natural gas customer of a participating utility (such as NYSEG).
*Items have to be installed by a contractor (you will be asked for proof of contractor installation, such as a valid Tax ID number).

You have to reserve your spot in line for this rebate. For more information and to reserve the rebate, click here.

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