Tankless Water Heater Tax Rebate 2016

Federal income tax credits and other incentives for energy efficiency.

Tankless water heater tax rebate 2016.

Tax credits for residential energy efficiency have now been extended retroactively through december 31 2020. 400 to 1 000 rebate on various high efficiency or energy star certified natural gas tankless water heaters. All pros listed are independent dealer owned. The energy star label is now available for electric heat pump water heaters as well.

A 300 rebate for those who installed a tankless gas heater with an energy factor rating of no lower than 0 82 or a functional temperature rating of no less than 0 92. The maximum amount an eligible homeowner may receive in federal tax credits for purchasing and installing qualifying products whether those purchases are in the form of upgraded windows installation hvac equipment or other eligible improvements is 10 of the installed cost up to 500. Energy star certified commercial water heaters include gas fired storage and gas fired instantaneous also referred to as tankless units that use around 15 percent less energy than conventional commercial units by employing more efficient heat exchangers. A 300 rebate for those who installed a heat pump water heater with an energy factor rating higher than 2 0.

Most states are offering rebates in the 50 to 250 range. Rheem manufacturing ranks as the global leader in the manufacture of high quality sustainable and innovative water heaters tankless water heaters air conditioners furnaces pool heaters and hvac systems for residential and commercial applications and is a full member of ahri the air conditioning heating refrigeration institute. The tax credit for builders of energy efficient homes and tax deductions for energy efficient commercial buildings have also been retroactively extended through december 31 2020. Qualifying units are not eligible for a socalgas mail in or online rebate.

Tankless water heaters that use natural gas are about 23 percent more efficient than a traditional storage version which is about 60 percent efficient according to the department of energy. Most gas powered tankless water heaters do qualify for a 300 federal tax rebate. Get a rebate with a qualifying smart thermostat save on heating and cooling costs when you install a new energy star smart thermostat. Qualifying natural gas tankless water heaters purchased at home depot have an instant rebate included in the price of the unit.