Making the most of your rebate opportunities can help you keep your home energy costs down. You don’t have to be buying a new HVAC system to get the rebates – you simply need to be an energy consumer. Programs like BGE’s Smart Energy Rewards program lets you earn energy credits when you use less electricity during high demand energy periods. For example, if you put in a smart meter from BGE and on an energy saving day you let BGE manage your energy, you also help them manage summer peak demand. In turn, the amount of energy needed for power generation plants is reduced, as is the cost of electricity. The more energy you save, the more credits you earn. Credits show up on your bill as “Smart Energy Rewards.” BGE says participating customers saved $5-8 for each Energy Savings Day.
If you really want to experience energy savings and you’re ready to replace your HVAC system, you have many opportunities available to you. First, by replacing a system that is over 10 years old, you can upgrade to the more efficient units available in today’s HVac marketplace. More efficiency means lower energy bills due to less waste. When you purchase qualifying high-efficiency equipment, you can get rebates on that equipment ranging from $300-$1,250 on new HVAC Equipment and up to $1,800 on a geothermal heat pump. From now until May 15, 2015, BGE is adding a 10 percent bonus rebate on top of these regular rebates. Your HVAC dealer can help you with the paperwork, which must be received by June 15, 2015. To qualify, the efficiency level of the system must be greater than or equal to 16 SEER and 13 EER. You can see the various levels of equipment and rebates at www.bgesmartenergy.com. Click on Residential Heating and Cooling.