New Programs from the Federal Economic Stimulus Package provide money for home energy savings, including high efficiency gas equipment. One of the standouts is tankless water heaters. Oregon homeowners converting to natural gas can now receive a combined incentive package worth up to $2,200. Existing gas customers are eligible for up to $2,040.

The stimulus plan allows for a 30 percent federal tax credit off installation costs, up to $1,500. This credit can be combined with a $200 rebate from The Energy Trust of Oregon and an Oregon State tax credit up to $340. Also, Rinnai dealers are offering new NW Natural gas customers a $160 gas credit. Northwest Natural can be reached in Eugene at: 342-3661.

Sounds like a pretty good deal to me.