If you've been thinking about buying a new appliance and you're in or near Missouri, then heads up! From April 19th to 25th, Missouri will be suspending state sales tax on the purchase of any Energy Star compliant appliances up to $1500.00 each as part of its Show Me Green Energy Star Sales Tax Holiday. That can mean big bucks if you're making an expensive purchase like a heating\cooling system, new refrigerator or a washer\dryer pair.
The tax-free purchases that qualify include:
- Clothes washers
- Water heaters
- Air conditioners
If you combine this tax holiday with the state rebate program, federal tax credits and various utility programs (Missouri Gas Energy, Kansas City Power and Light), you can really save some dough:
Energize Missouri Appliance Rebate Program
In addition, the Energize Missouri appliance rebate program will be running concurrently with the sales tax holiday where you can get rebates from the state of Missouri for the purchase of Energy Star rated items. It's not a ton of money (for example, a new furnace gets you $100), but every little bit helps. You do have to shop with participating retailers and\or installation contractors. Be sure to sign up early, as this rebate is NOT guaranteed and is "first come, first serve". For more information on the Energize Missouri program including rebate amounts and how to sign up, click here.
Federal Tax Credits for Select Energy Star Products
The federal government is offering various tax credits through December 31, 2010 for the purchase of select Energy Star products (not all qualify). Some credits exempt new construction and rentals, while others can be used on vacation homes and primary residences. Many of them are 30% of the total cost, including installation. For more information, click here to see the EPA's website on the program.
Utility Rebate Programs
Many utility companies are also offering credit or rebate programs for the purchase of Energy Star products. Here in Kansas City, both Missouri Gas Energy and Kansas City Power and Light have these programs:
- Missouri Gas Energy: Credit to your gas bill of $25 for programmable thermostat, $40 for tanked water heater, $200 for tankless water heater, forced air furnace, or boiler or $450 for a water heater\furnace combo unit.
- Kansas City Power and Light: As part of their Cool Homes program, KCPL will pay up to $850 for the purchase of energy-efficient air conditioning or heat pump systems rated 14/15 SEER or 16 SEER and above through participating HVAC dealers. Electric heat pumps may also qualify for lower electric rates. In addition, customers can sign up for a Checkme! evaluation of their current HVAC system to see if it can brought up to high-efficiency (or needs to be replaced). You'll get a FREE 6-pack of compact flourescent lightbulbs just for getting the evaluation (no HVAC purchase required).
- Kansas City Board of Public Utilities: BPU offers a similar EnergySmart program with rebates on energy efficient purchases.
Putting it All Together to Save BIG!
So I was really curious about how much someone could save if they put all these rebates, credits and sales tax holidays together. Let's say we buy a new 3 ton 16-seer air conditioner. That's probably sized for an average house. The retail cost, depending on brand, installer, etc. is around $4,000. Here's what we'd save if we buy this the week of April 19th:
Original Purchase Price: $4,000
Less sales tax: NOTHING (saved anywhere from $200 to $600; we'll use conservative $200)
Less "Energize Missouri" state rebate: $100
Less federal tax credit (30%): $1200
Less KCPL instant rebate: $850
TOTAL SAVED: $2350 on a $4000 purchase. Wow!