The chart below demonstrates potential savings derived from the installation of a high-efficiency furnace, based on average home owner's use of natural gas and electricity in Saskatchewan. Electrical costs are based on continuous operation of the furnace motor during the winter months and utility rates that were effective on June 1, 2009. Actual savings may vary based on a number of variables.
In addition to the energy savings that you’ll see through the use of a more efficient heating appliance there are several other opportunities for savings when you upgrade.
• You could qualify for an upgrade grant of up to $1,420 through the Saskatchewan EnerGuide for Houses Retrofit Grant Program.
• According to ENERGY STAR, a programmable thermostat can further reduce energy consumption costs by as much as $180 a year, plus you can qualify for an additional $15 rebate with the Programmable Thermostat Rebate from SaskEnergy.
• The ENERGY STAR Loan Program provides financing at prime plus 2% on approved credit. *
• The cost of your new high-efficiency furnace qualifies for the Federal Home Renovation Tax Creditand could increase your saving by hundreds of dollars.
If all of that isn’t enough to convince you, here’s an added bonus; a high-efficiency heating system will increase the resale value of your home and make it more attractive to a growing number of energy conscious home buyers.
* Visit the SaskEnergy websitefor full details including terms and conditions.
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