How Spending Money Can Save Money (NAPSA)—Purchasing a new furnace or heat pump may seem like the last thing you needto do right now— but is it? For a variety of reasons, a new heating system may, in fact, be exactly what you need. First of all, emerging technologies may make manyof the new heating systems available today much more energyefficient than the furnace or heat pump currently warming your home. Replacing aging equipment with new, more efficient devices can increase indoor comfort, reduce energy consumption and lower energy costs. Second, depending on the equipment you select, you may be eligible for federal tax credits. The Energy Policy Act of 2005 provides valuable tax credits—as much as $300—to consumers who purchase qualified high-efficiency heating, cooling and water-heating equipment. Unlike a tax deduction, which reduces the amount of income subject to tax, a tax credit directly reduces the tax you pay. The new energy legislation defines the type of equipment and the amount of the credit in this way: High-efficiency gas, oil and propanefurnaces andboilers: $150 High-efficiency central airconditioning units, including airsource and ground-source heat pumps: $300 High-efficiency fans for heating and cooling systems: $50 High-efficiency water heaters, including heat pump water heaters: $300. Finally, heating, ventilation and air-conditioning (HVAC) contractors mayoffer their customers promotions on seasonal equip- ment. For example, Johnson Control’s Luxaire HVAC brandis giving customers a choice of a cashback rebate of up to $1,500, special 12-month, no payment/sameas-cash financing or a 10-year parts and labor extended warranty plan. The promotion applies to purchases made between September 1 and November 30, 2006, on qualifying equipment. To learn more, visit the Web site at www.luxaire.com or call (877) 874-7378.
