Federal Tax Credit Up To $1500 for High Efficiency Water Heating Models

On February 17, 2009, President Obama made important changes to the homeowner tax credits for specified energy-efficient home improvements, which includes qualified water heating products. 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%. See below for a full listing of qualified Rheem products.

Homeowners who purchase a qualified Rheem water heating product between January 1, 2009 and December 31, 2010 are now eligible for a tax credit equal to 30% of the full purchase and installation price with a cap of $1,500.

Qualifying Models:

HP-50 Heat Pump Water Heater