If you purchase an energy-efficient product or renewable energy system for your home, you may be eligible for a federal tax credit. Below you will find an overview of the federal tax credits for energy efficiency.
Please note, not all ENERGY STAR qualified products qualify for a tax credit. ENERGY STAR distinguishes energy efficient products which, although they may cost more to purchase than standard models, will pay you back in lower energy bills within a reasonable amount of time, without a tax credit.
There are 3 types of water heaters covered by the tax credit.
1) Gas, Oil, and Propane Water Heaters (including tankless)
Water heaters NOT eligible for the tax credit:
- Electric storage tank water heaters
- Electric tankless water heaters
Contact ProServe for more details and to get your equipment installed before the deadline. You can also check http://www.energystar.gov for all of requirements and restrictions.