PROVIDENCE – A National Grid program that provides rebates to residential customers installing high efficiency heating equipment has run out of money and will be suspended, the company said Monday.
The utility said it suspended its Residential High Efficiency Heating, Water Heating Equipment, Thermostat, and Controls Program in Rhode Island as of April 19. However, National Grid said that it will process and pay customer-completed rebate applications received by the program’s rebate processing vendor by midnight April 30.
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National Grid spokesman David Graves said that since January, nearly 2,300 National Grid natural gas customers applied for the $335,000 in available rebates.
“It was very popular but unfortunately has hit budget,” Graves said.
Graves said the company would put people who apply for the rebates after the end of the money on a waiting list in case additional money becomes available. Graves said there is a slim possibility that federal stimulus money could arrive.
The program is funded through a surcharge on customer’s bills that must be approved by the R.I. Public Utilities Commission. National Grid will likely ask the PUC to review the program this fall in anticipation of starting the cycle anew in 2011, Graves said.
