We have a gas furnace and AC system in the house. This system was installed 17 years ago when the house was built. It is still running OK without any problem. With the current federal tax credit we are thinking about replacing it with a more efficient system. I did a little bit checking around and here is what I found out. Not all equipment on the market now is eligible for tax credit. As a matter of fact, very limited number of equipment is tax credit eligible. There seems a number of rebates going around (manufacturing rebate, utility company rebate, etc.) on top of the fed tax credit. So here are my questions:
1. Should I wait (say sometime next year) when there is more high efficient and tax credit eligible equipment coming to the market? This would also get a little more usage from the existing equipment.
2. Will overall price (equipment & installation) go up or down next year taking into the consideration of recession and demand?
3. Do manufacturers always have these rebates going around every year?
4. Should I just wait until the unit die (it may still have a few year life left)?
I would really appreciate it if you have any insights on these questions!