On February 17, 2009, President Obama made important changes to the homeowner tax credits for specified energy-efficient home improvements. These include qualified tankless water heaters (tankless water heaters with an EF rating of 0.82 or better). Two of the more significant revisions to this include the extension of the tax credit through 2010 and the increase of the total available tax credit from 10% to 30%.
All tankless models below qualify for the new Federal Tax Credits in exisiting residential contruction. Tax credit applies to primary residence only.
Stimulas Bill Details: Tax credit up to 30% of the cost of equipment and installation. Please check with your tax advisor for details.
Qualified Dates: Installations from 1/1/2009 through 12/31/2010. The tax credit can be claimed in either year or be split up between the two years.
Note: Maximum tax credit cap for each home is $1500
Purchase and install a Rheem qualified tankless water heater. For a list of qualified models, click here and print out a copy of the Manufacturer’s Certification Statement. You will included this when you file your 2009 taxes. You will use IRS Form 5695 (2009 version).