Canadian Oil Heat Association

Canadian Oil Heat Association

May 13, 2011 11:59 ET

Homeowners Get $125 Back in the Bank With "Retire Your Tank" Program

MARKHAM, ONTARIO--(Marketwire - May 13, 2011) - Upgrading to a new, modern fuel oil storage tank is now even more rewarding thanks to an incentive program from the Canadian Oil Heat Association (COHA). The Retire your Tank cash-bank tank replacement program gives homeowners a $125 rebate on the purchase of select models and runs May 15 to December 31, 2011.

"Modern tanks come equipped with extra features that protect your home," says Veronica Yu, COHA President and CEO. "Twenty-first century oil storage solutions offer revolutionary improvements and provide worry-free options for consumers who heat with oil".

The $125 rebate is available on select models including:

• Steel double bottom tanks
• Double-walled or 2-in-1 polyethylene tanks
• Single- or double-walled fibreglass

Upgrading from an older, conventional steel storage tank to a superior storage option means homeowners can take advantage of longer equipment life, enhanced warranties of up to 30 years, versatile, space-saving designs and worry-free storage.

"The insurance industry has also embraced this program and there may also be potential savings in house insurance premiums depending on the provider," says Yu.

New tanks must be installed by a COHA GreenTECH(TM) Certified technician or by an installer who has attended COHA's tank installation Best Practices training. With a GreenTECH(TM) certification, homeowners benefit from specially trained professionals who are at the leading-edge of design, installation and servicing of energy efficient heating solutions, domestic hot water systems and fuel oil tanks. A list of participating installers is available at www.retireyourtank.ca.

"It is our goal to make this program as easy as possible for homeowners to participate," says Yu. "All paperwork will be filled out and submitted by the installer and the cheque will arrive by mail. It is as simple as that!"

For more information, please visit www.retireyourtank.ca or contact your fuel oil dealer or installer.

About the Canadian Oil Heat Association:

The Canadian Oil Heat Association was established in 1983 by a group of fuel oil dealers who knew the value of working collectively on matters that affected the oilheat industry. Since then, COHA (www.coha.ca) has grown into a national body boasting a membership of over four hundred oilheat professionals, including fuel oil dealers, major oil companies, manufacturers, wholesalers, contractors, trainers, and other professionals.

A voluntary membership organization, COHA serves as the industry's voice to provincial and federal regulators and government decision makers on matters of policy, safety, and certification. COHA works with government and other stakeholders to foster a sustainable business environment for its members.

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