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Lots of people have an old clunking furnace, but not many know that they can save up to $4,500 on the installation of a highly efficient furnace. At Gem Plumbing & Heating, we have decided to give you $1,500 for your old clunker if you upgrade to an efficient system. You will also be eligible for large utility rebates, state tax credits and the federal tax credit of 30% up to $1,500!
Call our Energy Efficiency Experts TM at (401)272-9111 for more information about Cash for Clunkers™ for Your Home.
Gem Plumbing Rebate
Improve the energy efficiency of your old system and we will give you up to $1,500 off the price.
Utility Rebate
GasNetworks companies, like National Grid and NSTAR, are providing customers with big rebates. Natural gas furnaces with an AFUE of 92% and an electronic commutated motor (ECM) are eligible for a $400 rebate. Natural gas furnaces with an AFUE of 92% and no ECM are eligible for a $100 rebate.
Federal Tax Credit
Natural gas and propane furnaces with an AFUE of 95% or better and oil furnaces with an AFUE of 90% or better are eligible for a 30% federal tax credit limited to $1,500.
Summary Chart
Here is a helpful chart if you are thinking about installing a highly efficient furnace with an efficiency of 90% AFUE or better.
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GasNetworks
Residents |
Other
Residents |
Gem Rebate |
$1,500
Rebate |
$1,500
Rebate |
Utility Rebate |
$400
Rebate |
- |
Federal Rebate |
30% up to $1,500
Tax Credit
Gas: 95% AFUE
Oil: 90% AFUE |
30% up to $1,500
Tax Credit
Gas: 95% AFUE
Oil: 90% AFUE |
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