Natural Gas Energy Efficiency Rebate Program

I received an email from my local utility company, PECO, reminding me about their rebate program for installing a new ENERGY STAR qualified, high-efficiency natural gas furnace, boiler, or residential water heater. Here are the details:

$300 Rebate: High-efficiency natural gas furnace or boiler
• Furnace must have a 90% Annual Fuel Utilization Efficiency (AFUE) rating or greater.
• Boiler must have an 85% AFUE rating or greater.
• Furnace or boiler must be ENERGY STAR qualified.

$50 Rebate: Residential high-efficiency natural gas water heater
• Water heater must have an Energy Factor (EF) of 0.62 or greater.
• Water heater must be ENERGY STAR qualified.

This rebate is great incentive along with the federal tax credits for consumers and builders. We can receive tax credits at 30% of the cost, up to $1,500 in 2009 & 2010 for existing homes. The PECO rebates are valid until the end of 2009. If PECO isn’t your utility company, ask yours if they have a similar rebate program.

Unfortunately, my equipment is fairly new and efficient, so this won’t help me. I did shut off the pilot light to my gas fireplace this weekend to save some on my gas bill. It’s still around 40 degrees at night, but not fireplace-worthy frigid.