How to Save on Your Energy Bill and on Taxes

Here’s How it Works:
You get a tax break for installing energy efficient gas furnaces, gas packaged units, air conditioners, and heat pumps – of up to 30 percent of the product cost or up to the $1,500 maximum.

Savvy Charlotte homeowners are taking advantage of this incentive to go green.  To be eligible for these tax credits, save your receipts and the Manufacturer’s Certification Statement for your records when filing your 2010 taxes. Also look for Manufacturer’s offering rebates for additional savings.

Qualifying Equipment:
Packaged Unit Air Conditioner / 14 SEER or Higher and 12 EER
Gas Furnace / 95 percent minimum
Split System Air Conditioner / 16 SEER or Higher and 13 EER
Heat Pump / 15 Seer or Higher, 8.5 HSPF, and 12.5 EER

Duke Energy Cash Incentive
Duke Energy is offering a $200 cash incentive when you install a high-efficiency Heat Pump or Air Conditioner. Equipment  must also be equipped with a high-efficiency fan motor (ECM) on the indoor furnace.

Qualifying Equipment:
Heat Pumps / 14 SEER, ECM Fan Motor on indoor furnace, and 8.2 HSPF
Air Conditioners / 14 SEER and ECM Fan Motor

Piedmont Natural Gas Incentives
Designed for cost savings with long-term use of efficient equipment, the current programs include rebates available for PNG customers. High -efficiency natural gas equipment are eligible for:

$300 for a high-efficiency furnace
(AFUE = 90% or higher)

Note that not all new equipment qualify for the above incentives. B&E will provide you with a Certificate of Product Performance from AHRI,  the Air-Conditioning, Heating, and Refrigeration Institute. Contact a B&E Air Conditioning & Heating representative for additional questions.

For more information about energy efficiency and the Federal Tax Credit, please visit energystar.gov/taxcredits or Duke Energy , and Piedmont Natural Gas for additional program requirements.