Purchasing energy-efficient appliances will save you money immediately and in the long run. Many gas and electric companies offer rebates on the purchase of energy-efficient appliances. To find out if your purchase is eligible for a rebate, just call your local gas or electric company, visit their website, or check with the retailer and/or the manufacturer. Installing energy-efficient appliances will also reduce your cost to operate the appliances over their lifetime. In addition, tax credits are also available on part of the cost of some energy-efficient appliances. Significant credits are available on purchases of qualified heating, air conditioning and water heating systems. These items can also save you money on taxes when you sell your home. For the most current information, check with your accountant or tax preparer or visit the IRS website.
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