You can take advantage of some extra cash this season if you’ve replaced your heating or cooling system with a new, energy-efficient unit and are a Maryland BGE customer. BGE is offering rebates anywhere from $150 to $500, and you can combine several offers for multiple rebates. The current rebate levels expire December 31, 2014, but why wait? You’ve already committed to reduce your energy use and save money by purchasing a high-efficiency system – get your rebate in time to use it for holiday bill-paying. Depending on the level of energy savings of your system, you can get a few hundred dollars. For example, air conditioning units and air source heat pumps are categorized according to their SEER ratings (Seasonal Energy Efficiency Rating), which provide a guide for the energy efficiency of the unit. The higher the efficiency, the more the rebate.
If you haven’t invested in a new heating or cooling system and yours is approaching the 10-year mark, anticipate a new unit in the next few years. Get information from an HVAC dealer who is participating in the BGE program. Your HVAC professional can let you know the life expectancy of your current unit by performing a thorough inspection. He may be able to help you hold off on this investment by continuing good maintenance habits, or he may recommend that you purchase a new system now and take advantage of both the rebates and the efficiency you’ll experience with a new system. Geothermal heat pumps are becoming more cost-effective, and their rebates start at $500 because of their extreme efficiency. Make some decisions now that will put cash in your pocket this year or next. Contact your local heating and cooling expert to discuss your options.