Paying for your New AC System

You have options when buying a new AC system...

Well time has come, the Credit Card act took place on Feb 22. You can read a good article on this on Foxbussiness

How will this (credit slam down) affect the air conditioning market in purchases? I’m not sure, but using credit gimmicks is never one of our options for our customers! There is a reason why the government created this credit card act and that is because what looked good today would not be good for you tomorrow!!

I’ve looked and reviewed credit options, I thought I would just fix, repair, sell and install Air Conditioning Systems to help my customers but it’s just not about selling it’s about a long term commitment I form with my customer. With that commitment I want the best affordable way my customers can pay for their air conditioning system if they should have to borrow from a lender.

So let’s break it down, Let use the $5000 Tax credit figure:

1. My first choice is your own bank, maybe a second mortgage or equity loan.
You may find a rate around 5% to 9% interest rate.

2. Another option is to look for a promotional credit card that has a fair APR after the promotion is over. A third is a low interest rate credit card if you have great credit.

3. Then finally there is GE financing that many Air Conditioning Contractors offer their customers. Another thing GE has a finance fee on the total price. Because of this you can expect an additional $500 for a $5000 purchase. With that you get a 7.99% interest rate for 60 months which actually pans itself out over the 5 year loan.

So Let’s break it down side by side: $5000 purchase with a 60 month equal payment method

Great Credit at 7.5% = $99.60 a monthGood low Credit Card at 12% = $111.22 a month
National Average Credit Card Rate 14.14% = $116.70 a month

GE Finance: GE service fee of $503 we need to add to the $5000 So Financing would be a total of $5503 at 7.99% for 60 months. = $111.55 a month

Now if you subtract your Tax credit and then monthly savings in utilities you can see real value with purchasing a new Central Heating and Air System!!

Before you buy, remember to look at how you buy. Buy and Pay Smart so you can Save Big!

Prices may vary ~ a $5000 loan was used to see differences.

Just a thought:
Now WHAT IF THE GOVERNMENT actually thought out the stimulus plan? What if there was a Credit loan Plan of 3% interest on energy savings home improvement items. Then you would be looking around $89.84 a month on a $5000 loan!

Now some more interesting facts, if the Government would have budgeted 200 billion of the 800 billion dollars they wasted in the stimulus package, Using this 3% concept, would help 40 million homes and generate a 16 billion dollar profit! So not only (we the consumer home owner) would have a new central heating and air system that would save monthly on our utilities and cost us $10 less a month then the lowest interest rate Nationally offered Visa Card, the Government would make 16 BILLION DOLLARS off of the interest in that 5 years!! (Roughly $400 interest per $5000 loan)

Schwenn Services accepts cash, checks and credit cards and we also offer financing. Call today 407-895-7550 to find out if you qualify.

New Solar-power Plant

Florida Takes Giant Step with Huge Solar-power Plant

The population continues to grow requiring more and more energy. We are running out of natural resources now trying to find more efficient ways to power the world. “Going Green” has been the new trend and every day we our discovering new ways to save on energy and make our world more efficient.
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Orlando Sentinal published a great article about the huge step we are taking in building a giant solar-plant. Florida Power & Light Co.'s newest solar-energy plant will have enough mirrors to cover 80 football fields. But those mirrors will focus sunlight onto surfaces that add up to slightly less than the area of a single football field.
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That concentration of solar power will generate temperatures of more than 700 degrees — hot enough to make electricity for 11,000 homes.
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The Martin Next Generation Solar Energy Center here will rank as the world's second-largest solar plant when it begins pumping out as many as 75 megawatts of electricity late this year. It will also be the only system of its kind in the world.
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Conventional wisdom holds that solar plants using mirrors — which generate heat that produces steam that, in turn, spins an electrical generator — aren't worth the effort in Florida because of the regularity of afternoon rain clouds much of the year. So far, all of the solar plants built in the state convert sunlight directly into electricity using photovoltaic panels, which produce a charge, if only a reduced one, even on cloudy days,
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One thing utility engineers hope to solve once the Martin County plant is operating is the problem posed by partly cloudy days, when some of the plant's mirrors will be reflecting full sunlight but others will be shaded. Plant engineers don't want alternating pulses of cooler and hotter steam arriving at an electrical generator that runs most efficiently, and with the least wear and tear, when operating conditions are kept constant.

To review the rest of this article please click here

Weather Warning for Florida

BE READY - BE PREPARED

Summer isn’t even here and we are experiencing temperatures in the mid to upper 90’s. With such a hot summer in store your air conditioning systems will be putting out a lot of condensation (water). It is real important for you to make sure these lines stay clear. Make sure that the line that comes outside that always puts out water - is clear from grass clippings and dirt. When you’re A/C line does back up it will probably be on the weekend. Instead of going through the weekend trying to find someone to come out and waiting in the awful humidity - You can clean it out yourself. Use a water hose and go outside where the water is suppose to come out and squirt the water back the other direction for 2 to 3 seconds and that should break loose the blockage and allow the water to flow. This will save you the A/C repair costs and a hot nights sleep.

Make sure to keep the area around your drain lines clean

214 Days Until the Tax Xredit Expires

Tax credit ends December 31, 2010

In these challenging economic times, homeowners are looking to pinch pennies wherever they can. With fuel prices going through the roof, homeowners often evaluate their energy usage and come to the conclusion that replacing old and energy-inefficient appliances would make a significant impact on their monthly energy bills. Of course, the homeowners then face the daunting purchase price of new, energy-efficient appliances. Fortunately, the government has stepped in and offers tax credits for the purchase of Energy Star appliances.

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Even without the tax credit, most Energy Star appliances will save the consumer enough money over the life of the product to make up for the purchase price. But the tax credits which are currently available increase this savings even more. There are various Energy Star rebate programs in place, which vary by state, so make sure to research the specifics of your particular product carefully before making a purchase. Click here for your state's rebate information.

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Tax credit onlt last till December 31st so hurry and contact Schwenn Serrvices today!

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In order to receive your tax credit, you will need to claim the credit on your 2010 income taxes. Make sure to save your purchase receipt as well as the Manufacturer's Certification Statement (that certifies the product for Energy Star status).