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Furnace upgrade not mandatory, but will save you money-Read More....
Furnace upgrade not mandatory, but will save you money
Home Efficiency Q&A:
(NC)-Here's the answer to a frequently asked question, courtesy of Dave Walton, director of home ideas at Direct Energy:
A: The new standard, which applies to new purchases only and goes into effect December 31, 2009, will require all new gas furnaces meet a minimum efficiency of 90%.  It does not require that existing furnaces be upgraded until homeowners make the decision to do so. But there's more:
• Upgrade benefits - Upgrading from a 17-year-old furnace, to a new high-efficiency furnace is going to save money on gas bills and also help the environment. This new standard is part of a federal initiative to reduce greenhouse gases and raise energy efficiency standards for Canadian homes, old and new.
• Savings - An older "conventional" furnace operating at 60% or less efficiency can waste 40 cents of every dollar. Upgrading to a high efficiency gas furnace, for a home spending $1,000 per year on heating, could result in savings as high as $300. Many high-efficiency furnaces are eligible for government rebates. The savings on the initial furnace purchase means payback becomes even quicker.
A high-efficiency furnace provides the homeowner with years ... more

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