If you’re currently in the market for a new furnace and live in Chicago, there has never been a better opportunity to save. The gas company will give you an instant $450 rebate and the federal government is also offering a $1500 energy tax credit on top of the $450 gas company rebate, for a total savings of $1950 dollars. When you take these rebates on your new furnace and combine them with the rebates from Lennox and Four Seasons you can receive a total of $3000 cash back toward the purchase of a new high efficient furnace. The tax credits given by the federal government expire December 31, 2010. The Peoples Energy rebates end on January 15, 2010 and the Lennox rebates as well as the Four Seasons Heating rebates end March 1, 2010.
A new energy star rated furnace will save the average homeowner approximately 40% on their natural gas bill. The average home cost approximately $1500 to heat each year. If you can reduce it by 40% with a new furnace, not only will you be saving money on your heating bill, you will also hear and feel the difference.
Today’s high efficient furnaces are much quieter than previous models. You will have a hard time hearing it run, which depending on the location of your furnace, can be quite a delight. Energy star furnaces also help heat your home more evenly by using variable speed motors as well as 2 and 3 stage heating. The 2 and 3 stage heating will help stop the temperature swings that cause hot and cold spots in your home.
So if you live in Chicago and are considering a new furnace, don’t delay, the rebates are ending soon.
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