When you upgrade to high-efficiency equipment, you can save on your energy costs year after year. Plus, through New Jersey's Clean Energy Program, rebates are available toward the purchase and installation of high-efficiency central air conditioning systems and natural gas furnaces, boilers and water heaters.
For more information on New Jersey's Clean Energy Program visit:
http://www.njcleanenergy.com/
WARMAdvantage Program
Gas Furnace, Boiler and Water Heater Rebate Program
This program is designed to promote the purchase of high-efficiency natural gas home heating systems and/or water heaters. The program provides rebates towards the purchase and installation of qualifying high-efficiency natural gas equipment.
A new high-efficiency water heating tier has been added to the WARMAdvantage Program. Water heaters that have an energy factor level of .82, such as the Rinnai Tankless Water Heater, qualify for a $300 incentive.
For more information visit: http://www.njcleanenergy.com/html/1residential/2_warm_advantage.html
COOLAdvantage Program
Electric Central Air Conditioner and Heat Pump Rebate Program
This program is designed to promote the purchase of energy-efficient new electric central air conditioners and heat pumps. The program provides rebates towards the purchase and installation of qualifying energy-efficient electric central air conditioners or heat pumps.
For more information visit: http://www.njcleanenergy.com/html/1residential/1_cool_advantage.html
Federal Tax Credits for Energy Efficiency**
On February 17, 2009, President Obama signed a stimulus bill (The American Recovery and Reinvestment Act of 2009) that made some significant changes to the energy-efficiency tax credits. The highlights are:
- The tax credits that were previously effective for 2009, have been extended to 2010.
- The tax credit has been raised from 10 percent to 30 percent.
- The tax credits that were for a specific dollar amount (ex. $300 for a central air conditioner), have been converted to 30 percent of the cost.
- The maximum credit has been raised from $500 to $1,500 for two years (2009-2010); however, some improvements such as geothermal heat pumps, solar water heaters and solar panels are not subject to the $1,500 maximum.
- The $200 cap on windows has been removed.
For more information visit the Energy Star Web site.
**Please note, not all ENERGY STAR-qualified homes and products qualify for a tax credit. These tax credits are available for a number of products at the highest efficiency levels, which typically cost much more than standard products. If, for whatever reason, you decide not to purchase a product covered by the tax credit, you may still consider purchasing an ENERGY STAR product. ENERGY STAR distinguishes energy-efficient products which, although they may cost more to purchase than standard models, will pay you back in lower energy bills within a reasonable amount of time, without a tax credit.

