| If you're like most people right now, you're | | | | Secondly, buying a new energy efficient furnace |
| probably trying to figure out how to save money | | | | will also save you money on furnace repair bills. |
| whenever you can. One of the best ways to do | | | | When your old furnace is more than a decade old, |
| this is to cut down on your heating and cooling | | | | chances are likely that you'll have to pay a lot |
| bills. You can save lots of money on these with | | | | more to keep it running over the years. A brand |
| an energy efficient furnace, but you can also | | | | new furnace, on the other hand, will cost more on |
| save money on the actual furnace. There are lots | | | | the front end, but it will save you money over |
| of ways that you can save money with a new | | | | the years, since you'll very rarely have to pay for |
| furnace, and here are just a few. | | | | an actual repair. Plus, many furnaces will come |
| First off, a new energy efficient furnace will save | | | | with a warranty, so you can count on someone |
| you lots of money on your HVAC system if you | | | | else to pay for any possible repairs that you'll |
| buy it before the end of 2010. If you buy a new | | | | need in the next few years. |
| furnace that meets government restrictions | | | | Finally, and probably most obviously, a new |
| between now and then, you can get a 30% | | | | energy efficient furnace can save you lots of |
| credit back on your taxes. When we're talking | | | | money on your energy bills over the years. If you |
| about something as expensive as a new furnace, | | | | live in an area with cold, long winters, a new |
| 30% could be quite a lot of money. You can, in | | | | furnace can save you between $500 and $1,000 |
| fact, save up to $1,500 on a new heating and | | | | a year. This, alone, means that your new furnace |
| cooling system for your home. | | | | will pay for itself within a few years. If you |
| This tax credit is even better than your typical | | | | combine this with the government's tax credit, |
| tax deduction, since it will go toward your taxes | | | | you can easily buy a brand new furnace that will |
| dollar-for-dollar. With a typical deduction, you can | | | | make up for its cost in just a couple of years. |
| only get a dollar deduction off of your taxes up | | | | As you can see, there are plenty of ways that |
| to a certain amount, but with this tax credit, the | | | | you can save with a new energy efficient |
| government will give you exactly 30% - up to | | | | furnace, and even if you think that you can't |
| $1,500 - of the cost of your new energy-efficient | | | | afford a new furnace installation right now, you |
| furnace. This money will either come in your tax | | | | can probably find a good deal on a new furnace |
| check if you get a rebate, or it will act as a credit | | | | for your home. Over time, this will be totally |
| towards the amount you owe the government at | | | | worthwhile. |
| the end of the year. | | | | |