Tag Archives: saving money

Homeowners: Energy Tax Rules Your Should Know

Homeowners: Tax Rebates and Incentives You Should KnowIf you’re thinking about making efficiency-wise improvements or equipment upgrades in your home this year, you need to know about potential tax savings and rebates to help you save on your upfront costs. Here’s a look at some of the savings available in our area of Georgia:

Tax Credits for Renewable Energy Upgrades

The federal government offers tax credits on specific renewable energy upgrades through 2021. Credits provide a dollar-for-dollar reduction in your taxes, unlike deductions that only reduce your taxable income. For the current tax year, the credit is 30 percent of the total cost, including installation. It’s available for Geo-thermal heat pumps, solar water heaters, solar panels, fuel cells and small wind turbines.

Other Types of Rebates

Depending on the type of equipment you plan to purchase, you may qualify for one or more rebates from local electricity and gas suppliers, and reputable HVAC brands.

Atlanta Gas Light

Several area natural gas marketers, such as True Natural Gas and Gas South, offer rebates through Atlanta Gas Light when you install a:

  • Tank or tankless hot water heater – $400 or $500
  • Gas furnace to replace a heat pump system – up to $1,000
  • Gas furnace to replace a propane unit – $500

Georgia Power

Georgia Power currently offers a number of rebates for different types of equipment, for example:

  • Solar or electric heat pump water heaters – up to $250
  • High-efficiency electric/dual fuel heat pump conversion from

a gas furnace – up to $750

  • Smart thermostat installation – up to $75

Lennox

Lennox is offering a $1,250 rebate on the installation of a home comfort system that includes an air conditioner or heat pump, gas furnace and thermostat. They’re also offering an additional $450 in rebates for certain system enhancements – a smart thermostat, zoning system and whole-home air purifier.

Trane

Trane is presently offering a $200 rebate on various models of gas furnaces and packaged HVAC systems.

If you’re considering making efficiency upgrades to your Peachtree City home this year to save energy, contact us at Powers Heating & Air to learn more about tax savings and rebates.

New Year’s Resolutions: Saving Money

New Year's Resolutions: Saving MoneyWhy not make a resolution for saving money by increasing your home’s energy efficiency? Not only will it benefit your budget, but it will do good things for the planet, and create a more comfortable place for you as well.

Deal with the HVAC System

  • Get your heating system serviced. Not only will it run more dependably, but it will also use less energy. If your system is covered by a warranty, annual service may be a requirement to keep it valid.
  • Make it a point to check the air filter every month or two during the heating and cooling seasons. A clean air filter promotes energy efficiency, lowers energy costs, and prevents needless wear on the equipment.
  • Replace your air conditioner during the offseason if you’re planning on buying a new system next summer. You may get discounts on the appliance as well as its installation by having the work done during the winter.

Make Your Home More Efficient

The cooler months are a good time to deal with drafty windows and inadequate attic insulation. Check the window frames for any gaps and cracks that let air in or out and seal with caulk. The panes may also be loose and need caulk to prevent the rattles and air leaks.

 

Saving money on energy bills in a home with single pane windows is challenging. Hanging thermal drapes and closing them will slow the energy losses at night and during weather extremes. Replacing the windows will also help cut your heating and cooling bills and keep your home more comfortable.

 

According to the U.S. Department of Energy, attics in this region should have between 10 and 20 inches of fiberglass or cellulose insulation in the attic. Adding more is one of the most affordable and durable ways to achieve a return on energy investments in your home. Saving money by making your home more energy efficient will not only improve your financial bottom line, but it also helps cut your carbon footprint.

 

To learn more, contact Powers Heating & Air, providing HVAC services for Peachtree City homeowners.

 

Our goal is to help educate our customers in Peachtree City, Georgia and surrounding areas about energy and home comfort issues (specific to HVAC systems). For more information about other HVAC topics, download our free Home Comfort Guide or call us at 770-487-2040. 

Is Now The Time To Upgrade To A High-Efficiency Furnace? Do The Math

Most everyone is trying to save money these days. Sometimes people try to save money by delaying purchases or by going with the cheapest options. At Powers Heating and Air, we are definitely in favor of saving money. To do so, though, you need to consider the long-term costs involved. Sometimes going with the cheapest option or continuing with the status quo does not save you money at all.

Take furnaces, for example. The cost of heating fuel has gone up considerably over the years. When fuel was cheaper, the efficiency of furnaces was not a major concern, so most models simply weren’t that efficient. Now that prices are higher, furnaces have become much more fuel-efficient. And that means that holding on to your old furnace or choosing an inexpensive low-efficiency replacement may not save you money at all.

Furnace efficiency is measured by annual fuel utilization efficiency, or AFUE. AFUE is stated as a percent, which makes it relatively easy to calculate how much a high-efficiency furnace could save you on your heating bills.

For example, if you are paying $1,000 per year on your heating bills, and you have a furnace with a 75-percent AFUE, that means you are really paying $750 to heat your home and an additional $250 because of inefficiencies in your furnace. If your furnace were 100 percent efficient, you would eliminate that $250 in waste. Though no furnace is perfectly efficient, some new models come close — up to 98 percent AFUE. That 2 percent inefficiency only works out to about $15 in wasted fuel, instead of $250 — a savings of $235 a year, every year, over the life of the system.

Having a more efficient furnace also means you can buy a smaller furnace and get the same heating output. Plus, if you choose a system with an AFUE of at least 95 percent, you can earn credits on this year’s federal taxes.

To learn more about the high-efficiency furnaces available for your Georgia home, contact us at Powers Heating and Airin Peachtree City. We’re happy to help you save money.

Our goal is to help educate our customers about energy and home comfort issues (specific to HVAC systems).  For more information about furnaces and other HVAC topics, download our free Home Comfort Resource guide.

Powers Heating & Air serves Peachtree, GA and the surrounding areas.  Visit our website to see our special offers and get started today!