Columbia, S.C. (Oct. 20, 2010) — October is Energy Awareness Month, and South Carolina Electric & Gas would like to remind its customers that time is running out to take advantage of federal tax credits that provide incentives for upgrading their homes with energy efficient products. SCE&G also offers customers additional incentives for upgrading to natural gas appliances, which could mean hundreds of dollars in savings.
Consumers who purchased and installed qualified products, such as energy-efficient windows, insulation, doors, roofs and cooling systems in the home can receive a tax credit of 30 percent of the total installation costs up to $1,500 for the 2009 and 2010 tax years.
Customers can also qualify for the tax credits by upgrading their heating and water heating systems with high efficiency natural gas systems and appliances. For example, natural gas tankless water heaters, which provide a seemingly endless stream of hot water, also provide energy efficiencies that qualify them for the credit.
As an added incentive for customers to upgrade to natural gas systems from electric, natural gas water heaters (both tank and tankless) and heating systems may qualify for bill credits of $300 each, courtesy of SCE&G. The credit ends Dec. 31, 2010, so customers need to act now to take advantage of the offer. Certain restrictions apply.
To qualify for the federal tax incentives, improvements must be installed in or on the taxpayer’s principal residence in the United States. Home improvement tax credits now apply for improvements made between Jan. 1, 2009 and Dec. 31, 2010. To learn more about federal tax credits and SCE&G natural gas bill credits, visit www.sceg.com/value.
South Carolina Electric & Gas Company is a regulated public utility engaged in the generation, transmission, distribution and sale of electricity to approximately 660,000 customers in 24 counties in the central, southern and southwestern portions of South Carolina. The company also provides natural gas service to approximately 310,000 customers in 38 counties in the state.