Tax Rebates
Federal and State Rebates
FEDERAL REBATES:
Impact of the American Recovery and Re-investment Act
On February 17, 2009 President Obama signed the American Recovery and Re-investment Act of 2009 into law. With the passage of this new legislation, homeowners who purchase and install a qualifying Heat Transfer boiler or water heater between Jan. 1, 2009 and Dec. 31, 2010 will now be eligible for a tax credit equal to 30% of the full purchase and installation price up to a maximum of $1500. When purchasing a solar water heater you will receive 30 percent off the total, without the limitation of a cap. In addition, many state and local governments and utility companies offer other incentives or rebates which can potentially further reduce the cost of installing energy efficient products.
STATE REBATES:
Products may also qualify for state and local rebates, please go to www.dsireusa.org for more information.
FEDERAL Tax Credit Amount
- 30% of the full purchase and installation price up to a maximum of $1500 on Boilers or Water Heaters.
- 30% of the full purchase and installation price without a limitation cap on Solar Water Heaters.
Effective Dates
January 1, 2009 through December 31, 2010.
Qualifying Boilers, Water Heaters and Heating Appliances
Boilers |
AFUE |
BTU Range |
|
|
80,000-299,000 |
|
93 |
50,000-120,000 |
|
95.1 |
50,000-299,000 |
|
95.1 |
199,000-299,000 |
Water Heaters |
BTU Range |
Gallon Capacity Range |
|
100,000-199,000 |
55-119 |
|
130,000-199,000 |
55-119 |
|
130,000-199,000 |
80-119 |
Heating Appliances |
BTU Range |
Gallon Capacity Range |
|
130,000-199,000 |
55-119 |
|
100,000-199,000 |
55 |
FEDERAL Guidelines
- Water heater must be “placed in service” between 1/1/2009 -12/31/2010. (IRS defines "placed in service" as when product is ready and available for use.)
- Water heater must be installed in or on the taxpayer’s principal residence in the United States.
- The tax credit is ONLY available for existing homes.
- The maximum amount that a taxpayer may claim for all qualifying energy efficient home improvements including the purchase and installation of a water heater is $1,500 over the lifetime of the credit (2009 & 2010).
- Water heaters installed in 2008 are not eligible for the tax credit.
How to Claim Your FEDERAL Tax Credit
How to Claim Your STATE Tax Credit
- Products may also qualify for state/ local rebates, visit: www.dsireusa.org for more information.
Frequently Asked Questions?
Helpful Links For More Information
- www.energystar.gov
(ENERGY STAR is a joint program of the U.S. Environmental Protection Agency and the U.S. Department of Energy helping us all save money and protect the environment through energy efficient products and practices.)
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