Political Chowder Ingredients: Facts, Events, Policy, Politicians, Journalists, and YOU
Political Chowder Ingredients:
Facts, Events, Policy, Politicians, Journalists, and YOU

This Week's "You"
Apr. 12, 2009
From Fosters.Com
04/10/09

Good intent; poor execution

To the editor: It was nice see in the stimulus bill, provisions for replacing aging heating equipment as well as other energy saving incentives. A $1,500 tax credit would be issued to people that replaced their old obsolete boilers. This would be an excellent stimulus.

Many people could save 30 percent or more in heating costs, 25 percent in installation costs, HVAC technicians would be assured of steady work, vendors would see sales rise, manufacturers would produce more equipment, air pollution would be reduced, and mostly, we would import less heating oil.

At first glance, a well conceived and effective plan that would benefit the local economy. As it turns out, you can get a $1,500 rebate, but, the trouble is, there are only two manufacturers that actually make oil boilers that qualify. These units aren't suitable for many homes.

Due to the technology needed to raise the efficiency to the minimum 90 percent required, both of these manufacturers have had to price their equipment at over twice the cost of the average, 86 percent efficiency equipment. This adds $2,000-$3,000 to the cost of the job, way more than the $1,500 tax credit you get.

It's too bad that legislation, this expensive, gets enacted in such as rushed manner as this bill did, that no one took the time to actually study it to see if it would help.

 

 

Steve Beaudoin