For years now your local energy utility has been offering rebates, in the form of money or bill credit, for upgrading you old or inefficient home appliances. This is nothing new. Programs such as this help sweeten the deal when trying to make the decision between just replacing that old water heater or boiler or whether you should go with the next better model that promises to save you money as time moves forward.
Well, those rebates are getting less and less all the time.
Take a look at this email attachment I received this morning.
In the second paragraph it states the proposed incentive for replacing that inefficient tank type water heater with a new high efficient tankless model is going to be reduced by 75%. Yeah, you read that right. In an age where great emphasis and marketing has the been pushing us all toward saving energy this utility company had decided they would rather you consider something more consumptive. After all, they stand to make less if you're using less.
I know this the letter clearly states that these changes are just a proposal right now but there is little chance they will be redrafted to include more money for you.
Consider the present time as your best time to save money if you are in the market for a new water heater, boiler or furnace. There's usually no going back to higher rebates if history repeats itself; if they're offering the money now then now is the time to get it.
For a complete list of energy rebates and their providers you can click
here. Here you'll find a comprehensive list of local utility companies and all the programs they offer, residential and commercial. Programs ranging from water heating rebates to solar and geothermal.
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