Edmonton Sun's Graham Hicks (Hicks on Six) does a great job explaining why the City of Edmonton shouldn't be wasting taxpayers’ money subsidizing high-efficiency furnaces:
Why is the city wasting tax dollars, offering $500 rebates for installing high-efficiency home furnaces?
There's a good reason for high-efficiency furnaces, without city incentives.
"A high-efficiency furnace costs $1,000 to $1,300 more than a mid-efficiency furnace," says Tony Romaniuk of Romaniuk Heating and Air Conditioning. "But you recover the extra costs (through lower heating bills) in three to five years. And the furnace should be good for another 20 to 50 years."
Why subsidize something needing no subsidy? (There's another program for low-income families.)
Plus, it's token. The city has $200,000 for the program. Once 400 furnace rebate cheques go out, that's it. The CHMC suggests we have about 182,000 single-family houses in Edmonton.
Not only is it limited, it's insulting to anybody who already installed a high-efficiency furnace.
Like me. I thought about energy conservation four years ago! Gimme my rebate!
Anybody applying for this freebie would install a high-efficiency furnace in any case,
It's called saving money down the road.
Fix pot holes with our money.
Don't give it to those not in need.
Speaking of potholes, want to know how many potholes you can fill for $169,000? I know.