Monday, August 23rd, 2010
There has never been a better time until now to invest in a new heating and air conditioning system! The California Energy Commission has gotten involved and added up to $1,000 on 16 and 13 SEER air conditioners with a matching evaporative coil. Homeowners can also receive up to $300 from the California Energy Commission with a 95% A.F.U.E. efficient variable-speed furnace. Homeowners in the Southern California Edison area can receive up to $1,250 on a new heating and air conditioning system with a qualified contractor. The Gas Company also has kicked in $200 for a 92% A.F.U.E. or higher furnace. The manufacturers of certain brands also have rebates on qualifying equipment up to $1,000. In addition, the federal government is encouraging home owners to be more energy efficient with a $1,500 tax credit. That’s up to $5,250 towards a new system! This is not including the fact that with a new system you can save as much as 50% on your utility bills versus a 20 year old system.
Let’s dive into this and see how it works. A “SEER” is the Seasonal Energy Efficiency Ratio. The EER is the Energy Efficiency Ratio. They are ratings from the American Refrigeration Institute that states the energy efficiency of a particular air conditioner. The higher SEER rating will provide a superior energy performance of your equipment. This will result in a higher savings on your energy bill.
You may have heard of a “variable speed motor”. A “variable speed motor” adjusts the control of airflow for supreme comfort and uses 2/3 less electricity than a standard single speed blower.
The Gas Company wants your furnace to be more efficient. Today and in the past, most furnaces have an 80% or less efficiency rating. A new furnace can get up to 96% efficiency! This can lower your gas usage and save you money. The $200 Gas Company rebate is for a 92% furnace or higher. If you go with a 95% or higher “variable speed” furnace, you can receive the $200 from the Gas Company as well as $300 from the California Energy Commission. Not only will it make your monthly bill go down, it will also make you and your family more comfortable.
Our federal government got on board and is giving up to 30% of the cost for a new qualifying system. This will give you up to a $1,500 tax credit. It’s a full $1,500 tax credit; not a write off. See your tax advisor and take advantage of this opportunity.
On top of all of all these credits and rebates, the manufacturers have their own incentives available. A homeowner can receive up to $1,000 per system on energy efficient units. Usually a system like this will include top of the line filtration, air purification, variable speed and the highest SEER ratings available.
Don’t miss this opportunity to get paid to save money on your utility bills. Take advantage of the opportunities that are waiting for you! The federal government is basing their incentives on a “first come, first serve” basis so take action now and MAKE SURE you don’t miss out! No one knows how long these incentives will last.