Water Heater Prices

When you scouring the internet, looking reviews and compare water heater prices for some water heater product for replace the old one, please keep in mind, whether or not the product that you interested are qualify for the federal tax credit program.

This successful program was extended under the "American Recovery and Reinvestment Act 2009", it signifies the return of a federal tax credit for non-solar tankless water heaters under the Energy Policy Act of 2005, which expired at the end of 2007.

Why should I care, it is qualify or not?

You shouldn’t, except you want to get 30 percent federal tax credit, up to $1,500, and if you choose the product that qualify for this program, in the long term you will get more benefits, you can expect to cut you water-heating bills as much as 80 percent.

It is possible because the products that qualify usually have Energy Factor of at least .82 or a thermal efficiency of at least 90 percents for gas hot water heaters, oil, and propane hot water heater. Have an Energy Factor of at least 2.0 for electric heat pump water heaters.

The real deal is for solar water heater type, if you buy solar water heater, it will give tax credit is for 30% of the cost, including installation, with no upper limit, through 2016. As long as at least half of the energy generated comes from the sun and the system is certified by the Solar Rating and Certification Corporation (SRCC).

How do I know this specific water heater qualified or not?

No need to worry, many online store that list their water heater prices, will give a brief description whether the product qualify in tax credit program or not.