Tankless Gas Water Heater Federal Tax Credit

Internal revenue service irs is also providing consumers with a tax credit on high efficiency water heating equipment.

Tankless gas water heater federal tax credit.

The rheem water heating division of rheem manufacturing company certifies that the water heating models listed here meet the criteria for the credit of 300 for energy star certified gas water heaters with. A tankless water heater tax credit is a government s tax credit to citizens who take advantage of switching to a more energy efficient tankless hot water heater. For a tankless unit to qualify it must have a uniform energy factor uef of at least 0 82 all rinnai condensing tankless water heaters and the v94xi non condensing tankless water heater qualify. Product category product type tax credit specification tax credit water heater gas oil propane energy factor 0 82 or a thermal efficiency of at least 90 up to 300 00.

These types of hot water heaters have been around for a while and many models offer a less energy consuming option for keeping a home supplied with hot water. The credit amount for gas oil propane water heaters including tankless units is 300. Of course any qualifying tankless water heater installed this year would also qualify on taxes due in april 2021. 30 for systems placed in service by 12 31 19.

Tankless gas water heaters qualified navien condensing tankless gas water heater models. 26 for systems placed in service after 12 31 19 and before 01 01 21. That means if you installed a qualifying tankless water heater last year you could get the credit on the return you file in 2020 for 2019. You can receive a tax credit for a percentage of the cost not including installation costs which varies depending on when the system is placed in service.

Energy star certified electric heat pump water heaters hpwh all hpwhs that earn the energy star are independently certified and qualify for the federal tax credit. Npe 150s npe 180s npe 180a npe 210s npe 210a npe 240s npe 240a.