There is good news for Northern Illinois residents who plan to purchase a new furnace, water heater or boiler. Nicor Gas Rebates for high efficiency furnaces, boilers and water heaters are available to customers of Nicor Gas. Even landlord’s are eligible for the rebate program.
If you purchase and install a new high efficiency furnace, boiler or water heater before May 31, 2011 you are eligible for the rebate. The amounts are up to $250 for a furnace, up to $100 for a water heater and up to $400 for a 95% AFUE boiler. Although the program is intended to go through May 2011, once the funds are depleted the program and rebates will end. Do not hesitate to apply for the rebate once you have purchased your new high efficiency furnace or boiler. Take advantage of the extra savings and the savings down the road that you will get from your new high efficiency product.
The surge in sales of energy efficient products has been helped by the willingness of the federal government to offer tax credits of up to 30% of the cost of energy efficient heating and cooling systems. Local utility companies have also joined the campaign to get consumers on board with energy saving products by adding rebate programs to offset the initial cost of purchasing new heating and air conditioning equipment.
Be a smart shopper and take advantage of the energy tax credit and rebates before the end of 2010.