MANCHESTER, N.H., April 19, 2010 -- Don't let the advent of warm weather cause you to miss out on this deal to replace your aging furnace or boiler. New Hampshire's Electric Utilities (PSNH, Unitil, National Grid, and the NH Electric Co-op) and the NH Office of Energy & Planning (OEP) announce the immediate availability of the Home Heating System Rebate Program, which offers incentives for the purchase and installation of high efficiency home heating systems and/or domestic water heaters

As part of the American Recovery and Reinvestment Act (ARRA), the program offers Cash-for-Clunkers-style rebates to encourage homeowners to replace existing inefficient heating systems with those that meet EnergyStar® qualifications. The amount of each rebate (from $100 - 1,000) will depend on how efficient the new equipment is.

The rebate will be available to New Hampshire residents who are replacing an existing heating system listed under the program. When combined with the Federal Tax Credit for energy efficiency products, the savings for residents, in some instances, could be as high as 50 percent for replacing a wasteful and inefficient hot-water heater, boiler, or furnace. The program will be available to all New Hampshire residents, including municipal utility ratepayers.

Given the high market value for recycled steel and copper, as well as the availability of an existing infrastructure to process these materials, OEP anticipates a high percentage of inefficient appliances under this rebate program will be recycled.

ARRA funding is limited, and applications will be handled on a first-come-first-served basis until funds are depleted. For more information on the ARRA Home Heating System Rebate Program, including an application, please visit nhsaves.com/heatingrebate.