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Cost Benefits & Tax Credits

Federal Tax Credit

The Energy Policy Act of 2005 provides valuable federal tax credits for consumers and contractors who make energy-efficiency upgrades to their homes or install this type of equipment during new construction. Homeowners or renters who have energy-efficient products in their facility enjoy multiple benefits. At home, these benefits include lower home energy bills, increased indoor comfort, and reduced air pollution. In addition to helping savvy consumers lower their energy bills, the energy-efficient products are eligible for new federal tax credits, which actually lower the amount of federal income taxes that homeowners or homebuilders must pay our government or "Uncle Sam".

You can get a one-time tax credit of up to $500 in total for installing efficient new windows, insulation, doors, roofs, and heating and cooling equipment in your home.  Click below to view tankless water heaters that qualify for a tax rebate!

When are they available?

The home improvement tax credits apply for improvements "placed in service" from January 1, 2006, through December 31, 2007. They are not available in 2005. The IRS defines "placed in service" as when the products or materials are ready and available for use - this would generally refer to the installation, not the purchase.

Criteria for heating and cooling equipment

In order to be eligible for the tax credit, heating and cooling equipment must meet specified measures of energy efficiency:

Natural gas, propane, or oil water heaters must have an energy factor (EF) of at least 0.80. This is about 20 percent more efficient than the current federal standard. Only some tankless water heaters currently reach this efficiency level.

For more information on the federal tax credits visit Energy Star and Energy Policy Tax Incentives Act of 2005. Energy Efficient Home Credit. 8908. Form

Products you will find in this category are: tankless water heater, bosch tankless water heater, electric tankless water heater, rheem tankless water heater, energy star tankless water heater, tax rebate, tax rebate for tankless water heater, federal tax credits

Reasons To Shop at iTankless.com

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