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Monday, March 22, 2010

Tax Credit For Purchasing A Tankless Water Heater


Do you think it is tedious trying to pick just one water heater from the thousands of the same kind that are available? And comparing each and every product with another while almost all of them seem to be loaded with attractive features? It is even more puzzling when you are looking for one that suits and saves your budget and is still efficient. The reason behind it is the competition in the services and offers provided by each store that you check. But amidst all that, the one thing you need to know and remember is - what you need!

So if you are buying a tankless water heater, here's an option you should consider. You can save up to $1500, a smashing 30% of purchase and installation costs, by going for an energy-saving non-solar tankless water heater with Federal Tax Rebate. Under the - American Recovery and Reinvestment Act of 2009, the Energy Policy Act of 2005 which expired in 2007 has been revived. This act re-establishes a tax credit for energy-saving home improvements placed in service from January 1, 2009 through December 31, 2010. Some selected tankless water heaters, that have an energy factor of at least 0.82 or thermal efficiency of 90%, such as by Bosch, Noritz and Paloma fit the bill.

These tankless water heaters not only qualify for the tax credit but also give you a year round saving on your annual power budget by running on either natural gas or liquid propane. Moreover, their safety and efficiency is indisputably higher. To find out more, you can visit Heater-Store.com and get the details of the procedure to follow. You can also view all the tankless water heaters that qualify for the energy-saving home improvement tax credit and the Internal Revenue Service (IRS) guidance for consumers with all the water heater tax credit information you need and see if there is one that suits your preference.

At any given point, it is always advisable to go for energy-saving products for their efficiency and saving(both energy and budget) in the long run. And such products coupled with an energy tax credit makes an offer you just can't resist.

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