![]() |
||||||||||||||||||||
|
||||||||||||||||||||
|
Electric Heat RebatesMaking the Right ChoiceWith rising gas prices, electric heating systems are more cost-effective than ever to operate. But determining if electric heat is the right choice for your new or existing home is a big decision. There are many factors to consider when making the choice for your home. A qualified heating and cooling company will be able to determine your operational costs and payback for installation of a new system. There are also many resources available on the web. For more information about geothermal visit the Michigan Geothermal Association at www.earthcomfort.com. For more information about air source heat pumps, visit the Department of Energy web site at www.eere.energy.gov and search for air source heat pumps. Electric Heating System RebatesWhen you have a new electric heating system installed after March 1, 2006, you may be eligible to receive up to $500 in rebates from GLE and even more in tax credits. To be eligible for these rebates, you must enroll in our electric load management programs. To qualify, please call us at 1-888-485-2537, ext. 8957 or email us at controlprograms@glenergy.com. Geothermal System - $500 rebate with minimum requirements of EER 14.1 COP 3.3 closed loop; EER 16.2 COP 3.6 open loop; EER 15 COP 3.5 direct expansion Air source heat pump - $250 rebate with minimum requirements of HSPF 9, EER 13, & SEER 15. Tax CreditsIn addition to our new rebate programs, the Energy Policy Act of 2005 (EPACT), signed by President Bush on August 8, 2005, offers consumers and businesses federal tax credits beginning in January 2006 for purchasing fuel-efficient hybrid-electric vehicles and energy-efficient appliances and products. Most of these tax credits remain in effect through 2007. A tax credit is generally more valuable than an equivalent tax deduction because a tax credit reduces tax dollar-for-dollar, while a deduction only removes a percentage of the tax that is owed. For full details on the tax credits available, please visit the Department of Energy web site at www.doe.gov or contact your tax preparer. All rebates are subject to verification. Program is subject to change or cancellation at any time without notice. Marathon water heaters are not regulated by the Michigan Public Service Commission.
Glossary of Terms:
|
|
||||||||||||||||||
| Great Lakes Energy 1323 Boyne Ave. | PO Box 70 Boyne City, MI 49712 | 1-888-485-2537 | Power Outages 1-800-678-0411 | ||||||||||||||||||||