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April 19, 2011
With tax refunds received or expected, the Missouri Show-Me Green sales tax holiday (April 19-25) is the perfect time for Laclede Gas residential customers to invest in high-efficiency natural gas appliances. Recently, natural gas water heaters were added to Laclede’s rebate program to give customers even more incentive to utilize clean, efficient natural gas in their daily routine.
The Missouri Show-Me Green sales tax holiday (April 19-25) allows consumers to purchase an ENERGY STAR appliance without being charged the state’s 4.225% sales tax. Only the first $1,500 of the appliance cost is subject to this allowance. In addition, certain counties, cities, and districts will participate in this sales tax holiday by waiving their local sales tax. Visit http://dor.mo.gov/business/sales/taxholiday/green/ for more information.
Customers who purchase and install an ENERGY STAR natural gas water heater are eligible for a number of incentives from Laclede Gas and federal government, as well. Customers can apply for up to a $200 rebate from Laclede in connection with the purchase of a water heater with an Energy Factor greater than or equal to .82. Additionally, the federal government is providing a non-refundable tax credit of $300 in connection with the purchase and installation of a unit carrying the same Energy Factor.
Here’s how the savings* could add up for a customer purchasing and installing a new ENERGY STAR natural gas tankless water heater:
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TANKLESS WATER HEATER COST : |
$2,251 (including heater, installation, and MO sales tax) |
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LACLEDE GAS REBATE: |
- $200 (≥ .82 Energy Factor) |
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FEDERAL TAX CREDIT: |
- $300 (≥ .82 EF or ≥ 90% thermal efficiency) |
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SHOW-ME GREEN SALES TAX HOLIDAY: |
- $51 (minimum - depending on your location) |
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|
|
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CUSTOMER’S NET COST: |
$1,700 (installed) |
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CUSTOMER’S TOTAL SAVINGS: |
~25% |
Here’s how the savings* could add up for a customer installing a new ENERGY STAR-rated furnace with an AFUE rating of 96%:
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FURNACE COST: |
$3,093 (including furnace, installation, and MO sales tax) |
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LACLEDE GAS REBATE: |
- $200 (≥ 96% AFUE) |
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FEDERAL TAX CREDIT: |
- $150 (≥ 95% AFUE) |
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SHOW-ME GREEN SALES TAX HOLIDAY: |
- $63 (minimum - depending on your location) |
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|
|
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CUSTOMER’S NET COST: |
$2,680 (installed) |
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CUSTOMER’S TOTAL SAVINGS: |
~13% |
Laclede rebate program participants may apply through Laclede Gas or with the assistance of their contractor. Examples of the savings that are possible, along with details on Laclede’s rebate programs and the federal and state tax credits, are available at http://www.lacledegas.com/efficiency/programs/.
Details on the Show-Me Green Sales Tax Holiday can be found at http://dor.mo.gov. Consumers are encouraged to contact their retailer or HVAC contractor to see if and how they are participating in this sales tax holiday.
“ENERGY STAR high-efficiency natural gas furnaces can provide operating cost savings of more than 10% when compared to standard furnaces,” said Laclede Utilization Engineering Manager Tom Schultz, a Leadership in Energy and Environmental Design (LEED) Accredited Professional. “Our customers can significantly reduce their carbon footprint and save money on their utility bills. It’s a win-win situation for our customers and the environment.”
A subsidiary of The Laclede Group (NYSE: LG), Laclede Gas Company has provided safe and reliable service to the residents of the St. Louis metropolitan area for more than 150 years. It is the largest gas distribution company in Missouri, serving more than 630,000 natural gas customers in St. Louis and surrounding counties in Eastern Missouri. For energy-efficiency ideas, information on rebate and savings programs, and to find local natural gas appliance retailers, please visit www.LacledeGas.com.
Donn Shipp
dshipp@lacledegas.com
314-342-0653
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