Posts Tagged ‘economic stimulus’

Heating & Cooling Tax Credits will Expire Soon

Wednesday, October 13th, 2010

by Dan Jape of Reliable Heating & Air

Two years ago when the tax credit program started, December 31, 2010 seemed so far down the road it would never come. Well, here we are at the end of one of the best deals we have seen and there is only a few months left to take advantage of the $1500 credit that has allowed millions of homeowners to replace old inefficient heating and cooling systems. There have been many negative reports in the media about the stimulus plan and its success or failure has been debated to death by the press and talk radio, but the positive side of this bill is the impact it has had on every average homeowner who had old worn out heating and cooling systems that needed upgraded. These people have been able to purchase top of the line super high efficiency heating and cooling systems for the same price as an entry level system. A very nice added feature to these new systems is a special thermostat that not only controls temperature but also controls and removes more humidity than a regular system. The increased moisture removal makes one feel more comfortable at higher temperatures saving cooling dollars.

There are many new models and sizes available today that earn the tax credit and they give homeowners many more choices that were not open to them just a few months ago. Another positive side of this tax credit program is that all the different manufacturers of heating and cooling systems have advanced technology and efficiency to meet the government standards and these new models will be around for years after the credit program goes away in a few months. If you have not looked into the tax credit program, you should call your heating and cooling provider and at least explore this program as it ends December 31, 2010 and there is no extension or plans to extend this program, so do not miss this opportunity to cut your utility bills in half and increase your comfort by two fold.

The cold weather is here now and it is time to get your furnace checked for proper operation and safety. A properly adjusted furnace can save hundreds of dollars in cost of operation and make sure that your heating system is in top working order. Furnaces should be cleaned of rust and soot and have the heat exchanger inspected thoroughly each year. Gas pressure should be adjusted and the gas jets cleaned to assure proper operation and efficiency. Your air filter should be changed every 2 months and the blower wheel and assembly should be kept clean and free from dirt build up.

Another nice addition to your comfort system this season would be a central humidifier that adds moisture to your homes heating system. These units prevent damage to your homes hardwood floors, cabinets and furniture. They also prevent dry skin and static electricity and reduce the heating bills as it is more comfortable at a lower temperature when the moisture is increased. This is the opposite of the summer when comfort is increased with lower humidity.

Stimulus Money to Stimulate your personal economy

Friday, March 6th, 2009

Stimulus Money

I have always felt there are very few occasions in life when one receives something for nothing. I have always been skeptical of rebate offers that claim “up to”,  thinking I will never be able to qualify for anything close to the “up to” number advertised.

Well, there is now an opportunity to truly receive the full “up to” amount of a $1500 tax credit to help pay for a new high efficiency furnace or air conditioner and there is nothing special you have to do to qualify.

The 2009 Economic Stimulus package signed into law in late February, 2009 has many provisions aimed at helping the economy get back on its feet and to help the American people get back to work. It is supposed to help restore the confidence of the American consumer and it has many far reaching aspects that seem hard to understand. But the bill has a little talked about provision that I think will help stimulate the country, the average homeowner and the heating & air business.

If you purchase a new air conditioner or furnace in the tax years 2009 and 2010 and you buy a unit that qualifies, the stimulus package calls for the government to reimburse 30% of the cost of your system up to $1500. That seems hard to believe but its true. It does not matter how much you earn or where you live or what brand of system you buy, you can easily earn the whole amount of $1500! All you have to do buy at least a 16 seer air conditioner or a 15 seer heat pump on the cooling side and on the heating side you have to buy a furnace of at least 95% efficiency or greater. You simply agree to buy the best and the most efficient products and the government will pay the difference is cost which will allow you to have lower utility cost, longer warranties, and in some cases, a lower up front cost that the med grade systems. It seems hard to believe, but its true! No strings attached money to help you replace your old inefficient heating and cooling system.

You don’t have to buy both the furnace and the air conditioner, you can buy one or the other and get the $1500. You can buy either the furnace or air conditioner that qualifies and a lower level unit and still get the full amount. The tax credit also pays for installation cost and remedial work needed to upgrade your home’s system. You do have to pay for the new system now and wait for the stimulus rebate at the beginning of the next tax year, but the whole amount of the cost of the system can be easily be put on a 12 months same as cash payment plan that requires no payment for a year and accrues no interest if paid in full in a year. That way you do not to come out of pocket with the upgrade money. It is a deal that can’t be beat!

People have made this stimulus package a discussion of politics and of their like or dislike of the current administration. I feel that is missing the point. This assistance is there to help you install a new heating & cooling system that will save you much more money than a standard unit and you will waste less natural resources. If millions of American’s take advantage of this program, there will be a great positive impact on the economy. This same bill also has provisions for many other energy improvements that you can apply for and you can find the details at www.energystar.gov. I suggest you look at all the different ways you can help yourself reduce your energy consumption and help the overall big picture of our economy.