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Economy

Florida's sales of energy efficient products are surpassing expectations

Nirvi Shah - Miami Herald

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August 20, 2009 03:35 PM

So your car isn't a clunker? And you're not buying a new home? But maybe your air-conditioning unit is on the fritz. Or your small business needs new equipment or office furniture. Perhaps you have always wanted solar panels.

Then there is a tax break waiting for you, too.

Although there hasn't been much hype surrounding these credits and deductions -- all increased or expanded by federal stimulus bills passed this year and last year -- retailers say sales of new, energy efficient products are beating expectations in the midst of the recession.

The reason, they say, is the prices are that good.

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In Davie, Bob Menconi said he paid the same amount for a new air conditioner as he did for the one he bought about 20 years ago.

The price for his new Ruud air conditioner: $6,295. But the combination of a rebate from Florida Power & Light, the manufacturer and a $1,500 credit on his taxes next year means he will pay $3,520.

On top of that, he said, the first month, the family electric bill was $200 less than the previous month.

The tax credit ``pushed us in the direction to do it,'' Menconi said. The old one ``cooled the house, it was just not efficient. We wanted to catch it before it broke. At 20-plus years old, it was just waiting to bust.''

Read the complete story at miamiherald.com

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