Here is an interesting update on the cost of fuel since last winter:
Natural gas cost about $1.25 per therm: current cost is about $0.78/therm (down 37%)
Electricity cost about $0.07 per KW: current cost is the same
Fuel oil cost $4.00 per gallon: current cost is about $2.99/gal (down 25%)
Propane cost about $2.99/gallone: current cost is about $1.85/gal (down 38%)
Fuel oil and propane fluctuate like a commodity, so their price will increase rapidly in the coming months as need increases. So, if you heat with oil or propane, FILL YOUR TANK NOW!!!
Even with these fossil fuel decreases, a gas furnace with a 15 SEER heat pump Hybrid system is still your lowest-cost heating system, and will cost around 35% less to heat with than even a 95% gas furnace alone. Max J
Tuesday, August 17, 2010
Monday, August 2, 2010
Time is runnng out...
I will be brief, but I want to let you know that the $1500.00 federal tax credit for upgrading your heating system is running out. It will end Dec 31, 2010, and if you haven't taken advantage of it yet, you are missing a great opportunity. In summary, if you upgrade your furnace or boiler to one with 95% efficiency, you get a tax CREDIT of 30% of the cost of the work, up to a maximum of $1500.00 This has been a great program for people with an old furnace, or people facing large repairs on their existing furnace.
Another nice feature of this program is that certain heat pumps also qualify, since they are a heating system. But heat pumps also provide cooling. So if you want to add or replace an air conditioner, if you upgrade to a heat pump you can get that 30% tax credit for that also.
This has been a great program. We are all sorry to see it end, and you will be too if you don't take advantage of it. Call our office at 924-0018 for more information. You can also look on our website at www.aircontrolspokane.com. Thanks for reading.
Another nice feature of this program is that certain heat pumps also qualify, since they are a heating system. But heat pumps also provide cooling. So if you want to add or replace an air conditioner, if you upgrade to a heat pump you can get that 30% tax credit for that also.
This has been a great program. We are all sorry to see it end, and you will be too if you don't take advantage of it. Call our office at 924-0018 for more information. You can also look on our website at www.aircontrolspokane.com. Thanks for reading.
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