"For every one degree you set back your thermostat you can save 1 to 3 percent on your natural usage," said Susan M. Crossett, vice president of economic development at National Grid.
Paul and Lorraine Lovell, a Niskayuna couple, took advantage of the rebates offered by National Grid, where the company held their press conference on Thursday, Oct. 6.
The Lovells purchased an Energy Star high-efficiency boiler for $7,400, but received a $560 rebate from National Grid and a $1,500 tax credit offered through the federal government.
John J. Raucci of Adams Heating and Cooling said the Lovells had a 40-year-old boiler in the mid-60 percent efficiency range and installed a Energy Star 90 percent efficient hot water boiler.
After years of replacing parts, the Lovells said the expenses of the old boiler got to the point where it would be better to just buy a new one. They were going to replace the boiler earlier, but the National Grid rebates ended in the spring, but the company started offering them again at the beginning of September.
If the rebates and incentives weren't offered, the Lovells said their boiler purchase might have been different.
"I don't know if we would have just replaced it with an 80 percent boiler or spent the extra money for the 90 percent," said Paul Lovell. "This definitely made our minds up for us."
Raucci said it really comes down to what a person can afford, but the long-term benefits of high-efficiency products can help save money.
"It all comes down to [a person's] financial position," said Raucci. "As owning a home, there is always something to do, being that cost of energy is such so high, anything we can do as homeowners to save on energy is the goal.
He also said between the tax credit and rebates available he's seen an increase in the amount of people purchasing new equipment that is energy efficient.